WTI Crude Oil To Test $65 Level in 2013

By EconMatters WTI closed November just shy of $89 a barrel on hopes of an improving economy. I think there is an argument for an improving economy in 2013, but it is just too early to tell how things are going to come together with the economy, and all the ramifications of basically an anti-business …

Spain and The Runaway Euro Bailout Train

By EconMatters Spain finally bowed to the rising interest rates and the billions of euros worth of bad loans at Spain’s regional governments to ask for a loan.  After emergency talks between Euro Zone finance ministers on Saturday, Spain will get up to $125 billion from the European Union (EU) to bail out its banking system.

Forget Peak Oil, Time To Worry About Peak Oil Labor

By EconMatters In a recent working paper, researchers at the the IMF (International Monetary Fund) attempt to reconcile the Peak Oil debate that whether resource constraints will dictate the future of oil output and prices, or advance in technology motivated by high oil price would eventually provide a solution to more production, as well as …

Student Debt Likely to Grow to 7.7% of USA Gross Public Debt by 2020

by EconMatters Student loan debt is surging, partly boosted by many who became unemployed during the Great Recession going back to school hoping for a better job prospect.  An analysis by the Federal Reserve Bank of New York (FRBNY) showed that student loan debt stands at $870 billion nationally, surpassing the nation’s outstanding balance on …

Beijing’s Great Bailout to Defuse Ticking Local Debt Bombs

By EconMatters In the previous post, we briefly mentioned that “….there could be some hidden debt bombs as a recent Bloomberg finding suggests that China’s banks may be understating their exposure to runaway local borrowing by possibly billions of dollars that is raising fears of a government bailout.” Here are more details.  It appears that, based on a …