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Oil historian Daniel Yergin seems to take a pretty balanced view on the supply/demand situation for oil. He still seems to place some faith in OPEC’s ability to impact price.
The Lex column points out that bank lending is finally picking up steam. Is velocity of money next?
The American middle class consumer continues to get squeezed by rising healthcare and telecom costs.
Luke Johnson has some wise words on the correlation between trust and economic success.
Anyone who claims central banking isn’t political is crazy, just ask Mario Draghi. Oh, what a balancing act he is having to do to launch quantitative easing in Europe!