The United States is now the largest Ponzi scheme in the world. The only way to pay off the old lenders is to bring in new ones – or run the printing press. That’s all lenders have to worry about – inflation. And for the moment, prices are going down. They’ll keep going down too – until they go up…
February 20th, 2009 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "commodities"
Signs of Life
Here’s a thought: if Washington can set salary caps on Wall Street because taxpayer money is involved, why can’t the rest of America set salary caps on American legislators? Those clowns get government money every single day. They even spend money they don’t have by robbing from generations of unborn Americans. And they’ve run regular structural budget deficits for decades!…
February 5th, 2009 | Dan Denning | 1 comment | Continued
U.S. Dollar Retreating Against Commodities
Both the Aussie and New Zealand dollars were up against the greenback. These two are probably not rising because they are commodity currencies. The strength of commodities versus the U.S. dollar is only relative at the moment. But the interest rate differential might be a factor. The Federal Reserve Open Market Committee meets in America today. Read on…
December 16th, 2008 | Dan Denning | 1 comment | Continued
The Feds Are Trying to Avoid Deflation
What’s the worst possible way to avoid deflation? Print money. ‘Governments can always avoid deflation,’ says Ben Bernanke – but only if they’re reckless enough to risk runaway inflation…
December 10th, 2008 | Bill Bonner | 2 comments | Continued
The Investment Community Has Dumped All Assets
Global financial markets are acting as though the world is about to implode. Over the past four months, the investment community has dumped all assets; regardless of their underlying economic fundamentals…
December 10th, 2008 | Puru Saxena | 4 comments | Continued
The World Bank Goes Nuclear on Commodities
If you treat it as a thought experiment and ask yourself what would have to happen for the ASX to fall that much, you get some alarming possibilities. The liquidation of Oz Minerals? The dismemberment of Rio Tinto? The fall of a major investment bank or leveraged institution? Or perhaps it’s something simpler: more falling prices for commodities. That’s what the World Bank seems to think anyway…
December 10th, 2008 | Dan Denning | 7 comments | Continued
Nervous Investors ‘Short’ the Market By Buying Commodities
Well that didn’t work out at all. Investors had a full weekend to think about the details of the worldwide plan to save markets. And then they became terrified. They sold shares and bought commodities. It shouldn’t be that surprising. And perhaps it wasn’t terror. Maybe it was just plain old common sense. You can’t short stocks anymore in some places. But you can buy commodities!
September 23rd, 2008 | Dan Denning | 2 comments | Continued
Financial Services Industry Seems to Have Peaked Out
Between 1950 and 2000, the USA transformed itself from a country that made things to a country that financed things…
August 5th, 2008 | Bill Bonner | 2 comments | Continued
Why the Bull Market in Commodities Isn’t Over
Won’t recession mean lower commodity prices…and the end of the bull market in gold and oil? Is this the end of the trend begun only a few years ago…
August 4th, 2008 | Bill Bonner | 1 comment | Continued
Fed’s Inflation Would Go into New Bubbles – In Commodities, Oil, and Gold
When the tech stock bubble popped, for example, the next big thing was a bubble in housing and housing-related debt. When the housing and subprime bubbles popped we guessed that the authorities would pump hard to try to reflate them…
June 2nd, 2008 | Bill Bonner | 1 comment | Continued
Fed is Trying to Keep the Money and Credit Moving: Commodities, Food, Oil and Gold
The Fed is trying to keep the money and credit moving. But it is going where it wasn’t supposed to go – into commodities, food, oil and gold. Still, the experts can’t see it. Instead, they read the polls, watch the TV, and come to the wrong conclusion.
May 7th, 2008 | Bill Bonner | 2 comments | Continued
The Profitable Marriage of Two Soaring Resource Companies
The huge run-up in commodity prices between January and mid-March has been a welcome boost for listed producers in the falling Aussie equities market. Oil, sugar, coal, gold, wheat… all these things have gained voraciously. Australian companies drilling, harvesting and mining them have weathered the storm of equity-selling better than other stocks. Meanwhile, listed financials have gone from shaky to shaken…
April 3rd, 2008 | Dan Denning | 0 comments | Continued
Are Rising Commodity Prices a Sign of a Bubble or Demand
A story by Gene Epstein in Barron’s this weekend warns that commodity prices could fall by at least 30% and as much as 50%. Epstein’s article highlights what he believes to be the influence of index funds on commodity prices. He goes on to list a number of factors which a handful of analysts argue will result in much lower commodity prices this year.
April 2nd, 2008 | Dan Denning | 3 comments | Continued
Cool Change in Commodities
Nothing has been moderate about the commodities boom. You’ve had booming demand in China, soaring prices on the resource markets, and vast new fortunes in Australia. Add to the list a bitter little one-week correction…
March 21st, 2008 | Dan Denning | 9 comments | Continued
Food and Fuel
I really enjoy history. I can’t say I am a scholar of history – I’m more like a History Channel buff. It’s interesting that when we look at the history of food prices in America, we see that in 1901, people spent 43% – almost half – of their income on food, according to the Bureau of Labor Statistics. Do you know what that figure was in 2003? We will answer that in a minute…
March 21st, 2008 | Kevin Kerr | 2 comments | Continued
