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The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods
If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
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Feb 16, 2026 / Dave DeCamp
Indonesia Prepares 1,000 Troops To Be Deployed to Gaza by April for Potential International Force
Indonesia is preparing 1,000 troops to deploy to Gaza as part of a potential peacekeeping force by April, a spokesman for the country’s military told Reuters. Indonesia has said it could potentially deploy a total of 8,000 troops to the besieged Palestinian territory, and the spokesman said the full force will be ready by June. […]
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Jan 9, 2023
'We Are Facing The Entire NATO In Ukraine': Kremlin Says, As UK Mulls Battle Tanks
Russian Security Council Secretary Nikolay Patrushev has issued ultra-provocative words claiming that it's not fundamentally Ukraine that Russia is at war with, but that the Russian military is facing all of NATO inside Ukraine.
"The events in Ukraine aren’t a clash between Moscow and Kiev. It’s a military confrontation of NATO, first of all the US and Britain, with Russia. Fearing a direct engagement, NATO instructors push Ukrainian men to certain death," he said in a fresh interview with state-owned newspaper aif.ru.
Mar 11, 2026 / Tyler Durden
WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production
WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production
Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release.
"Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist.
And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices.
API
Crude -1.7mm (+1.1mm exp)
Cushing
Gasoline -1.8mm
Distillates -2.3mm
DOE
Crude +3.82mm (+1.1mm...
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