Economics
April, 2026
Are the Soviets incapable of making enough consumer goods, or do they just not want to?
UAE leaves OPEC and OPEC+ in huge blow to global oil producers’ group
Across 8 US oil shocks since 1970, peak oil burden ≥ 4% of GDP was followed by NBER recessions within 18 months; the 2026 episode is at 2.6% so far
Trump pursues new import taxes to replace the tariffs the Supreme Court rejected