Malaysiakini reported Shahrir Samad was quoted by AFP as saying that government will increase oil price to market price by August. I think he must have been misquoted or what he said was misrepresented in the report. Just don’t make sense to me. Such decision to cut oil subsidy would definitely backfire.
Found on Mankiw’s blog, Subprime Primer slideshows explaining what has been happening in the US credit markets.
Second trading day after political tsunami hit Malaysia, KLCI regained 2.8% from steep drop yesterday.
First trading day after 12th General Election, KLCI plunged by 10% limit.
What do ethanol and subprime crisis have in common? Wow, Freakonomics really catching on fast.
Negative real interest rates. That’s new to me.
Greg Mankiw laid out at least four goals of tax policy and two types of fiscal stimulus critics.