A Quote by Michael Hudson

The effect of metals speculation was to push up the prices that China had to pay to countries like Australia. This squeezed China. Once the speculative demand ended, all of a sudden the added production facilities that had been brought into production by the high prices went out of production again, and there was a glut.

Michael Hudson

Quote Topics

Added Again Australia Been Brought China Countries Demand Effect Ended Facilities Had High High Price High Prices Like Metals Once Out Pay Prices Production Push Speculation Speculative Squeezed Sudden Up

Quote Author

Michael Hudson
American - Professor
Born: 1939

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.

James Buchan

In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.

John Kenneth Galbraith

High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking.

Michael Hudson

In my early teens, I knew I wanted to do television production. I loved cameras, editing and producing, anything that had to do with television production. My friend had a production studio across town, and we'd go over there at night and shoot and edit. I produced my father's televised service for 17 years.

Joel Osteen

Pantera revolutionized the sound and the approach to heavy metal. It's been regurgitated. Once you up the production on a product and not just the playing but the actual production, then it's going to up the ante.

Phil Anselmo

In the course of waging that war, the people of Canada had shown that it was possible for them to maintain nearly a million men in uniform and at the same time expand all the facilities for production within Canada at an unprecedented speed, including building industries which had never existed in Canada before... and by and large the cost of production in Canada compared favourable with the cost of production anywhere else among the Allies... All of this was accomplished without any foreign investment, without and foreign loans... We were quite capable of self-development.

Tim Buck

The climate-change industrial complex pontificates that the U.S. has to stop using coal to save the planet. But even if the U.S. cut our own coal production to zero, China and India are building hundreds of coal plants. By suspending American coal production, we are merely transferring jobs out of the U.S.

Stephen Moore

In the ten years leading up to 2013, quinoa prices nearly tripled on the back of skyrocketing international demand for the latest 'superfood'. The grain had traditionally been cultivated in the high Andean plateau, principally for household consumption. But as prices rose, farmers' incentive to sell it as a cash crop grew.

Arancha Gonzalez

I had to take a break to set up my production company. Managing a production house is a different ballgame. It's not like signing a film and arriving on the set.

Amisha Patel

The oil companies are regulated by the federal government. They can't drill on land nor in American waters without permission from the feds. Many Republicans want to drill baby drill but what's the point if all the oil goes to China? Increased production obviously doesn't mean lower prices for us.

Bill O'Reilly

Pre-production and post-production is something that I've never been exposed to. I was pleasantly surprised that you could accomplish a lot during pre-production.

Jason Bateman

The difference between a movie and a play is that the production you end up with is the production. If a movie that I spent time on turns out to be crap, it's never going to be made again.

Charlie Kaufman

Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.

Gautam Adani

Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.