David Merkel has a good Sunday morning read posted Ten Notes on Crude Oil: The Fixation:
In different economic eras, different things attract the attention of the media, investors, politicians, etc. Today a leading attention grabber would be crude oil, and the energy complex. It is a honeypot for conspiracy theorists and unscrupulous politicians (not quite an oxymoron).
Reading all 10 this morning is a worthwhile exercise.
The Costanza Energy Policy: 25 Ways to Drive Oil to $150
Lakshman Achuthan, a managing director at Economic Cycle Research Institute, talks with Bloomberg’s Carol Massar in New York about the outlook for the U.S. economy, inflation and consumer prices. The consumer price index increased 0.6 percent in May, the Labor Department said today. So-called core prices, which exclude food and energy, rose 0.2 percent. (Source: Bloomberg)
00:00 Recession as "primary concern" over inflation
01:03 "We do not have strong signs of a recovery."
02:50 Reasons why inflation not "out of control"
Achuthan: Recession a Bigger Concern Than Inflation: Video
Bloomberg,June 13 2008