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Tag Archives: commodities
Will Fixed Election Hurt Canada’s Economy? This Economist Thinks So
Will Fixed Election Hurt Canada’s Economy? This Economist Thinks So On verge of recession, campaign might steamroll stimulus. The first day of September will be a critical one for Canada, say economists. That’s the day new economic data will determine whether or not Canada’s economy shrunk two quarters in a row. A second downturn will […]
How Greece Crisis Could Drag Oil Prices Down
How Greece Crisis Could Drag Oil Prices Down The Greek tragedy is reaching its climax. The discussions between Greece and its European creditors broke down over the weekend, with the two sides still at an impasse. Greek Prime Minister Alexis Tsipras balked at deeper austerity cuts to the Greek economy, cuts that are a prerequisite […]
Jim Rogers: Turmoil Is Coming
Jim Rogers: Turmoil Is Coming Predictions on the markets, gold, Greece & more Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week’s podcast, Jim shares his rational for predicting: increased wealth confiscation by the central […]
A Bit Of Perspective On Gasoline Prices
A Bit Of Perspective On Gasoline Prices To me, commodity pricing today is so distorted that it is almost startling. The media continues its post Goldman Sachs’ bearish calls to pound away on OPEC supply with little attention paid to rising demand. Admittedly, as we end the summer driving season, such demand will wane, adding […]
Steen’s Chronicle: The best of times, the worst of times
Steen’s Chronicle: The best of times, the worst of times Significant changes to our JABA model’s long-term outlook Inopportune rise in gold and energy prices expected Commodities will outperform and yields will add another 100 bps Europe will suffer downturn and the US will flirt with recession in 2016 Gold is one of those items that […]
The Latest Casualty In Energy’s Hardest Hit Industry
The Latest Casualty In Energy’s Hardest Hit Industry Another coal company bites the dust. Again. Patriot Coal, a miner of coal in several Appalachian states, filed for Chapter 11 bankruptcy on May 12. Patriot said it is “in active negotiations for the sale of substantially all of the Company’s operating assets to a strategic partner.” The move […]
Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.)
Why We Have an Oversupply of Almost Everything (Oil, labor, capital, etc.) The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to […]
Australia’s Bad Bet on China
Australia’s Bad Bet on China Wolf here: After any bubble, it’s always: “Nobody predicted the crash….” Central bankers don’t see bubbles. They’re not allowed to. At least officially, they don’t see them. And thus they can’t see the implosions coming. They can’t officially see these things because they help create them with their monetary policies. Industry insiders and their financiers don’t […]
Australia Runs out of Luck, Now Needs a Miracle
Australia Runs out of Luck, Now Needs a Miracle Australia, you have officially run out of luck. While leveraged property investors in Sydney and Melbourne are desperately hunting for a senseless “net-yield” that makes the yield on a German 2-year bund look rewarding, the Australian mining sector is screaming towards what may be one of […]
The oil glut and low prices reflect an affordability problem
The oil glut and low prices reflect an affordability problem For a long time, there has been a belief that the decline in oil supply will come by way of high oil prices. Demand will exceed supply. It seems to me that this view is backward–the decline in supply will come through low oil prices. The […]
Two More Harbingers Of Financial Doom That Mirror The Crisis Of 2008
Two More Harbingers Of Financial Doom That Mirror The Crisis Of 2008 The stock market continues to flirt with new record highs, but the signs that we could be on the precipice of the next major financial crisis continue to mount. A couple of days ago, I discussed the fact that the U.S. dollar is experiencing […]
Something Rotten Is Piling Up in this Economy
Something Rotten Is Piling Up in this Economy Total US business inventories balloon to Lehman-Moment levels “We do have more work to do in the US,” admitted John Bryant, CEO of Kellogg’s which makes Pringles, Pop Tarts, Kashi Cereal, and a million other things that consumers are increasingly reluctant or unable to buy. He was […]
The Death Of The Petrodollar Was Finally Noticed
The Death Of The Petrodollar Was Finally Noticed Three months ago, we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, in which we explained in painful detail why far from the simple macroeconomic dogma which immediately prompted the macro tourists to scream that “oil prices dropping are good for US consumers“, the collapse in […]
Commodities crash: Bad news for the world economy, but is anyone listening?
Commodities crash: Bad news for the world economy, but is anyone listening? Reading the general run of financial headlines might lead one to believe that price declines in those commodities which are highly sensitive to economic conditions such as iron ore, copper, oil, natural gas, coal, and lumber are good on their face. Obviously, the declines aren’t good for those who sell these commodities. […]
Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down
Increased U.S. Output Bolsters Oil Glut Fears Sending Prices Back Down Oil resumed its decline after the biggest gain since June 2012 as U.S. crude production increased, adding to signs that the global supply glut that has pushed prices to a 5 1/2-year low will persist. West Texas Intermediate futures dropped as much as 2.7 […]
