Early Headlines: Triple Crown, OPEC Bearish for Oil, US Consumer Borrowing is Unsustainable, Fracking Miracle, Cutting Emissions is Good Economics and More

June 7th, 2015
in News, econ_news, syndication

Early Bird Headlines 07 June 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Follow up:

Global

  • OPEC Shows It Still Matters, and Right Now It’s Bearish for Oil (Bloomberg) Oil is poised for the biggest weekly drop since March after OPEC (Organization of Petroleum Exporting Countries) left daily output at 30 million barrels. The outlook in the near term is for lower prices, but eventually the strategy should produce higher prices if OPEC can force sufficient shutdowns for high cost producers.

U.S.

triple.crowns

EU

  • ECB Increases Purchase of Public, Private Debt Securities in May (The Wall Street Journal) The European Central Bank purchased just over €63 billion ($68.75 billion) in public and private debt securities last month under its three-month-old quantitative easing program, according to ECB data released Monday, slightly higher than the €60 billion monthly purchase target that the ECB has set for the program. More that 80% of the purchases were public-sector (government) bonds

Greece

Iceland

  • Iceland’s Sovereign Money Proposal: A Response to Bill Mitchell (Positive Money) A discussion of differences between MMT (Modern Monetary Theory) and Positive money. Of course there is the obvious difference that MMT deals with endogenous money created by banks and government deficits while Positive Money separates money creation by sovereigns from credit creation by banks. That leads to a number of secondary differences.

Australia

 


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