Glen Burnie Bancorp appoints new CFO View More $GLBZ
Ennis declares $0.175 dividend View More $EBF

Are the Saudis Thinking Clearly? And Should We?

Given Saudi Arabia’s long-standing commitment to act as swing producer to stabilize prices, current Saudi behavior raises big questions. Why is Saudi Arabia pumping at historic rates in the face of a collapse in the oil price? And, as President Obama’s state of the union message highlights, what should be the U.S. policy response?

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Two big questions

Simple plots of recent GDP and inflation data highlight two profoundly important questions facing monetary policymakers in the United States. GDP is at a level several percentage points below reasonable […]