Posts Tagged ‘Global Economy’

To the relief of borrowers around the world, the U.S. Federal Reserve Board is holding off on tapering its bond-buying program. Global equity markets rallied last week on word of the decision. It’s no secret that investors are among the biggest winners from the billions the Fed pours into the treasury market every month. Less [...]

Share

It seems everywhere you look these days economies are gearing down to much slower speeds. Indeed, some economies are already at a standstill (or even moving in reverse) and it’s likely more will soon follow. Whether it’s North America and Europe or even China and India, the story is much the same — the world’s [...]

Share

Whatever Happened to $200 Oil?

Posted by Jeff Rubin on May 23rd, 2012 under SmallerWorldTags: , ,  • 22 Comments

Four years ago, when I was still chief economist at CIBC World Markets, I forecast that global economic growth was on pace to send oil prices to $200 a barrel by 2012. In short, the argument was based on a supply-driven analysis that weighed the sources of future oil supply against the prices that would [...]

Share

The End of Growth

Posted by Jeff Rubin on May 2nd, 2012 under SmallerWorldTags: , , ,  • 34 Comments

When the first OPEC oil shock hit in the 1970s, President Nixon responded by lowering the national speed limit to 55 miles per hour in a bid to conserve energy. But speed limits aren’t the only thing that can change when oil prices go up. Right now, we’re seeing that rising crude prices can influence [...]

Share