tag:blogger.com,1999:blog-7169279.post5030844806632412032..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Falling Oil PricesDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-67563153638217728702010-11-30T23:54:33.393-07:002010-11-30T23:54:33.393-07:00I think your analysis is fine, but I wouldn't ...I think your analysis is fine, but I wouldn't read too much into European problems. These countries just aren't that big any more. Oil prices are increasingly driven by demand in Asia.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-17478139901610797462010-11-23T18:54:53.576-07:002010-11-23T18:54:53.576-07:00It would sure be nice to see the lower oil prices ...It would sure be nice to see the lower oil prices get passed down to the gas pump. I think that we are going to be in this economic slump for several years. Hopefully we have seen the worst of it.deltahttps://www.blogger.com/profile/03615510347611474912noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-43175493787080034522010-11-22T15:17:22.430-07:002010-11-22T15:17:22.430-07:00In reading the referenced article, one of the part...In reading the referenced article, one of the parts that struck me is how China is tightening monetary policy. It says that China is increasing the bank reserve policies for its banks. The reserve ratio can be used as a tool for monetary policy, but increasing bank reserve requirements in the Western World doesn't really happen because it creates liquidity problems for the banks. The U.S. Alfredhttps://www.blogger.com/profile/08163481153836147467noreply@blogger.com