Fracking: The Alchemy of Turning High-Yield Bonds into Low-Inflation Growth

Fracking: What Kind of Engineering Miracle?

The Microeconomics of Fracking: Supply Elasticity and Credit Spreads

Oil prices still respond to supply more than supply responds to oil, but the relationship isn’t as perversely negative as it used to be.

The Macroeconomics of Fracking: Monetary Flexibility (Unless You Really Need It)

The Financial Theory of Oil

There is no Status Quo

Further Reading

As long as housing was rising, an increase in oil meant a mortgage subsidy that more than offset the consumption tax.



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