Showing posts with label Steve Hanke. Show all posts
Showing posts with label Steve Hanke. Show all posts

Sunday, October 18, 2015

Sunday, October 19, 2014

FORECAST: If oil prices stay below $90 for a while, we will witness fiscal squeezes and regime changes in production countries

Steve Hanke writes:
If oil prices stay below $90 per barrel for any length of time, we will witness massive fiscal squeezes and regime changes in one or more of the following countries: Iran, Bahrain, Ecuador, Venezuela, Algeria, Nigeria, Iraq, or Libya.