July 2, 2019/OilPrice.com – At the start of 2019, the U.S. had 18.8 million barrels per day of oil refining capacity, a record high. – Refining processing has climbed steadily over the years, adding nearly 3.7 mb/d of capacity over the past decade. – Between 2009 and 2018, U.S. […]
OPINION/EDITORIAL
The Slope of the US Yield Curve and Risks to Growth
July 2, 2019/IMFBlog By Tobias Adrian, Rohit Goel and Fabio Natalucci The slope of the yield curve in the US has inverted in recent months, making long-term debt significantly cheaper than short-term debt. This inversion is a gauge of investors’ confidence in the economy and signals doubts about future growth. […]
The Price of Capital Goods and the Threat to Investment
July 1, 2019/IMFBlog By IMFBlog Over the past three decades, the prices of machinery and equipment have fallen sharply relative to overall prices. Rising trade and sweeping technological improvements have led to more efficient production of capital goods. This has helped countries around the world raise real investment and improve […]
