About 42 percent of the growth in global demand is coming from China, where there is virtually no price sensitivity to demand. There's a huge relationship to income growth there, but a very uncertain relationship to price at all. |
I think everybody is frustrated by the inability of the current system to insure more people in the United States, and I think states are under incredible fiscal pressure to lower their (health care) costs in whatever way they can. |
If there was an easy solution that was politically and financially viable, they'd have done it by now. |
Part of what drew us here is the wildlife. Every night we see deer, bears, turkeys and coyotes. It's like living on the Serengeti. |
The Fed Challenge is a great way for students to learn about monetary economics outside of a classroom. |
We don't want people shooting Bambi on our property. |
We estimate that 1.8 million barrels per day of consumption must be squeezed out next year through the impacts of higher prices. |
We'll get there on the back of rising oil prices. |
When you juxtapose that with the apparent insensitivity of the demand curve, then what happens is that even though it's a relatively small reduction in supply, you need huge price increases to rein in demand. |