From the category archives:
Here’s what I’m reading this morning. You might find these stories and blogs interesting, too.
Economics as science? No chance. Economics is not a science. Physics wouldn’t be a science either if esteemed members of that profession who got prestigious jobs running the country were willing to make statements that contradict all known facts.
Commodity Futures [...]
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Here’s some news you can use …
Who’s to blame for $4 gas There is no short answer – many things happened, and together they formed a chain of events from cheap gas to $100 tankfuls.
China Quake May Cause Loss of 60,000 Tons of Zinc Output, Antaike Reports Zinc output in China, the world’s [...]
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Here’s a great story that runs along the same lines of what I wrote about in Money and Markets yesterday – driving 55 mph to save gas.
Gas prices have some thinking they can drive 55
If drivers were forced to slow down — and lower speed limits were enforced — the thirst [...]
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So glad to be long oil stocks and natural gas today, with oil over $117 and natural gas climbing. Oil Rises to Record Above $117 After OPEC Says No Need to Boost Production Crude oil rose above $117 a barrel for the first time after OPEC said it will maintain production, rejecting calls [...]
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AGRICULTURE
Kazakhs Ban Wheat Exports to `Ensure Food Security’ (sorry, no web link)
(Bloomberg) — Kazakhstan, the world’s sixth-largest wheat exporter, banned exports of the grain in a bid to control domestic prices for bread and other food. The government decided today to halt exports until at least September 1 “to ensure food security,” [...]
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Recession in U.S. Sows Slow-Growth Economy, Weak Dollar, Faster Inflation The U.S. may pay a steep price to free itself of its economic and financial travails: bigger government, faster inflation and a poorer country.
Oil, Gold Decline as Dollar Rallies; Wheat, Corn Rise on Lower Stockpiles Crude oil and gold extended declines as the [...]
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The stock market seems to be on the Slip ‘n’ Slide of Doom, but select commodities are another story. Take a look at these charts …
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