From the monthly archives:
As I expected, the Fed announced today that they would hold interest rates steady. Also, as I expected, they talked a bit tougher on inflation. But that’s all it is – talk!
While there are likely to be loads of market swings this afternoon and tomorrow, the bottom line is this: Nothing the Fed said will change the [...]
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Right now my models show that sugar, cocoa, and cotton are about to take off like a rocket …
— Sugar is already up some 34% for the two weeks ended June 20th and is about to explode higher.
— Cocoa is exploding higher NOW, hitting a 28-year high last week.
— Cotton is about [...]
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Oil tumbled this morning after China said they are set to raise gas and diesel prices by 1,000 yuan ($145.39) per tonne tomorrow. Analysts fear that this move will slow demand growth from the world’s second largest oil consumer and drive prices down. But they couldn’t be more wrong!
My opinion: If China cuts subsidies [...]
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There’s a lot happening in the markets from inflation, to the dollar, gold and more …
— Record Oil: On Monday, oil hit a new intraday high of almost $140 a barrel even as Saudi Arabia announced it planned to boost production by as much as 500,000 barrels a day. While initially prices eased on [...]
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The Labor Department reported on Friday that the US Consumer Price Index (CPI) rose 0.6% in May — the most since November and reversing a three month downward trend — as the high price of oil sent the price of goods higher.
While I expected the number to come in on the high side, it [...]
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Think China’s economy is slowing? Think again. China continues to power ahead and flaunt its growing economic prowess …
* Retail sales soared $126 billion — or 21.6% — in May, the second-fastest rate on record * Oil imports exploded 25% in May, the fastest pace in 10 months * Auto sales jumped 32% from [...]
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Seems like my sources in Asia are right on the money. Check this out …
China crude imports leap 25 pct, fastest in 10 mths Reuters, Wednesday, June 11 2008
BEIJING, June 11 (Reuters) - China’s crude oil imports leapt by 25 percent in May to their second-highest ever, reversing a rare fall the month before [...]
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Several sources I talk to in Asia tell me that China is now buying oil like crazy!
The reasons …
1. The Olympics are just around the corner and Beijing does not want an estimated 10 million tourists and athletes from all over the world to put up with brownouts.
2. The recent earthquake. In [...]
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Fed Chairman Ben Bernanke is trying to support the dollar, making rare statements on Tuesday about how the weak dollar has contributed to inflation, and that the Fed is closely monitoring the dollar.
Bernanke went on to repeat his inflation concerns while speaking at Harvard University yesterday, saying that “some indicators of longer-term inflation expectations [...]
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In a speech this morning at an international monetary conference in Spain, Fed Chairman Ben Bernanke took the unusual step of speaking out on the dollar saying that the central bank is “attentive” to the weak U.S. dollar and that it has contributed to an “unwelcome rise” in inflation. He went on to say that [...]
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