Money supply statistics published by the RBA, such as M1, M3 and Broad Money (BM), suggest the government have been increasing money supply to “support the economy” for many years.
'The only inconvenience is, that none of these projects are yet brought to perfection...'
The final and hardest to understand 'cost-of-living' driver is banking.
The supply-cut deal has so far resulted in a surprisingly high OPEC compliance of more than 90 percent.
Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014.
Just as the rapid rise of floating storage in 2015 and 2016 was a sign of the deepening global supply imbalance, draining tankers of stored oil is an early sign that the supply glut is receding.
Most economic analysis blames influences inside the system for decline in growth, but what about influences outside, like the environment?
A developing country could spend its money trying to abate carbon dioxide emissions or it could invest in enough resources to adapt to climate change successfully.
What do we want, precarious, unsafe and socially inadequate employment, poverty, categorical- means-tested welfare and downward envy or a universal basic income?
While the chaos has political meddling written all over it, its roots are actually technical. That is, the NEM was not designed to be a vehicle for appeasing our environmental conscience.
There is no let up in the lies, ignorance and dissembling that passes for debate on Australian energy policy.
The second is the Government knows the system is not working well but since it has no intention of changing it, it sees no point in admitting it.