No One (?)

No One (?) By Michael Every of Rabobank One of the central beliefs of neoclassical economics is that we are all One. One world market; One global central bank; One base interest rate; with temporary aberrations and interventions, One price. Except, as has been evident for some time, that doesn’t work very well, so increasingly we aren’t One. And that division is perhaps even spreading to something we all rely on: energy. The oil market has fragmented: Oil is now trading for $150...

By Tyler Durden