Archive for April, 2006
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Munchau on Italy and the Euro..and the Continued Tremonti Clown Show…
Today Wolfgang Munchau wrote – in his FT column – that Italy risks exiting EMU if it does not undertake the economic reforms needed to restore its lost competitiveness. These arguments are not new to those – like myself and Lachman – who have expressed similar concerns in the recent past. But characteristically of the [...]
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Why Oil at $70 Would Have Serious Negative Effects on U.S. and Global Economic Growth
Oil prices are surging again, close to $69 dollar a barrel this morning. After reaching a peak above $70 a barrel following the “Katrita” hurricanes of the summer of 2005, oil price fell to the low 60s in the fall and winter of 2005 as the summer peak season of high oil demand passed and [...]


