True Economics is about original economic ideas and analysis concerning everyday events, news, policy views and their impact on the markets and you.
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Saturday, January 30, 2016
29/1/16: Events… and oil
Bloomberg recently posted a chart summing up some (although claimed all) of the key events in recent history of oil prices. A neat reminder of what has been happening in terms of oil-related factors for crude demand and supply:
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“It is not true that people stop pursuing dreams because they grow old, they grow old because they stop pursuing dreams.” Gabriel García Márquez
Nassim Nicholas Taleb was asked whether public protests in Athens is a Black Swan Event. He replied: “No. The real Black Swan Event is that people are not rioting against the banks in London and New York.”
"Getting worse more slowly is not the same as getting better", Prof. Brad DeLong