FINANCIAL

Fed’s Plosser Says Stimulus May Backfire, Fuel Inflation

January 11, 2013 2

Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank’s record stimulus risks a surge in inflation and may impair efforts by households to repair their finances. “Attempts to increase economic ‘stimulus’ may […]

FINANCIAL

OPEC Cartel to Reap Record $1 Trillion

December 31, 2012 0

(Financial Times) — The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1tn in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads […]

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