CRB Index Drops Most in 28 Years as Nickel, Natural Gas Tumble on Dollar Tumbling prices for natural gas, nickel and corn are turning July into the worst month in 28 years for the Reuters/Jefferies CRB Commodity Index.
U.S. Recession May Have Begun in Last Quarter of 2007.
The U.S. economy shrank at the end [...]
From the monthly archives:
July 2008
This report below shouldn’t be surprising. All signs point to another leg up in China’s economy. If you purchased the recommended FXI, hold for big gains!
(U.S. News & World Report) ― The Washington Post reports, “Car ownership in China is exploding, and it’s not only cars but also sport-utility vehicles, pickup trucks and other [...]
This report below shouldn’t be surprising. All signs point to another leg up in China’s economy. If you purchased the recommended FXI, hold for big gains!
(U.S. News & World Report) ― The Washington Post reports, “Car ownership in China is exploding, and it’s not only cars but also sport-utility vehicles, pickup trucks and other [...]
News You Can Use …
There Will Be Water T. Boone Pickens thinks water is the new oil—and he’s betting $100 million that he’s right. In the coming decades, as growing numbers of people live in urban areas and climate change makes some regions much more prone to drought, water—or what [...]
My latest HoweStreet.com Interview (from yesterday) is up. You can listen to it by clicking HERE.
Also, I have a new MoneyandMarkets.com column today …
Get Ready for the Next Leg Up in Oil by Sean Brodrick Wednesday, July 30, 2008 7:30 AMOil has pulled back from its highs, and now analysts are lining up [...]
I’ve been warning about this, and now it’s here. The budget deficit is blowing out to a record. By the time the financial crisis afflicting our country is near a bottom, the deficit will double, to near $1 trillion!
I’ve been warning about this, and now it’s here. The budget deficit is blowing out to a record. By the time the financial crisis afflicting our country is near a bottom, the deficit will double, to near $1 trillion!
Merrill Lynch Announces Substantial Sale of U.S. ABS CDOs, Exposure Reduction of $11.1 Billion As a result of the transactions announced today, the company expects to record a pre-tax write-down in the third quarter of 2008 of approximately $5.7 billion. This write-down is comprised of a $4.4 billion loss associated with the sale of CDOs, [...]
Sorry this is late today, but it’s a crazy day.
To expand on my comments from Friday a bit, the pullback in commodities continued last week. While we could see a rally this week, we have now seen both oil and the CCI Index break important support. I expect oil will pull back to test [...]
The sharp pullback we’re seeing in commodities has many investors wondering if the boom in natural resources has ended. My answer: Absolutely not! This correction was way overdue. It’s healthy and is more bullish than bearish. Commodities have soared for months on end without a decent retracement and shakeout. So, any pullback is unequivocally normal.
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