Sunday, May 4, 2008
Saturday, May 3, 2008
Corn barely planted due to harsh weather
http://www.startribune.com/business/18351594.html
Snow plagues farmers as corn prices climb
Friday, May 2, 2008
Salmon fishing banned on West Coast
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/02/BABT10F7PE.DTL&tsp=1 Salmon fishing was banned along the West Coast for the first time in 160 years Thursday, a decision that is expected to have a devastating economic impact on fishermen, dozens of businesses, tourism and boating.
Thursday, May 1, 2008
Gold 850 – Mobius sees commodity boom continuing
http://www.zealllc.com/2008/glogold4.htm
http://www.breitbart.com/article.php?id=080430191254.lghbtwt2&show_article=1 Three Chinese banks in world's top four: study
Recent gold headlines from Kitco…
- Major May Day Meltdown - by Jon Nadler , May 1 2008 2:13PM Kitco Precious Metals and Economic Reivew - Historical Data Reveal Trends and Expectations - by Wendy Lynn Ip , Apr 28 2008 9:45AM Taking A Break - by Brien Lundin , Apr 30 2008 11:25AM The Ongoing Bull Market - by Mary Anne & Pamela Aden , Apr 28 2008 4:18PM Inflation Fears & Food Shortages - by James Turk , Apr 28 2008 11:00AM
Wednesday, April 30, 2008
Friday, April 25, 2008
Oil spikes on supply worries and Iran warning shot
Oil shortage in UK ahead of strike: 'Stations running dry'...
STUDY: Oil prices to double in next 4 years...
Oil Rises More Than $2 on BP Plan to Close U.K. Pipeline, Nigerian Output
Forex links…
www.openforexaccount.com – Open forex account with Elite E Services
Food Crisis spreads to US – Costco, Sams limit rice purchases
WSJ COLUMN: 'Time for Americans to start stockpiling food'...
HOLD THE RICE...
WAL-MART unit limits purchases...
COSTCO similar move...
http://www.bloomberg.com/apps/news?pid=20601087&sid=aU9xHQxBs1wU&refer=home Microsoft Demise! April 24 (Bloomberg) -- Microsoft Corp. declined 5 percent in extended trading after it reported an 11 percent drop in third-quarter profit and forecast earnings that may miss analysts' estimates as Windows software sales fell.
Net income dropped to $4.39 billion, or 47 cents a share, from $4.93 billion, or 50 cents, a year ago. Revenue was little changed at $14.5 billion, matching analysts' estimates and disappointing investors looking for more after industry reports showed better-than-expected demand for personal computers.
The world's biggest software maker said sales of Windows for PCs sank 24 percent and revenue from its online advertising unit came in at the low end of its projections. Microsoft's report contrasted with positive comments from chipmaker Intel Corp. and computer company International Business Machines Corp.
Wednesday, April 23, 2008
Tuesday, April 22, 2008
Euro breaks 1.60
Euro hits record high of over $1.60...
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBTUUAwp9X1M&refer=home ``The ECB is certainly not easing in the near term,'' said Adam Boyton, a senior foreign-exchange strategist in New York at Deutsche Bank AG, the biggest currency trader. ``The euro-dollar will reach $1.65 in the next three to six months.''
Feed your mind http://www.wired.com/special_multimedia/2008/gs_03feedyourmind
Monday, April 21, 2008
Food Rationing at Costco while Rice explodes
http://nysun.com/news/food-rationing-confronts-breadbasket-world Many parts of America, long considered the breadbasket of the world, are now confronting a once unthinkable phenomenon: food rationing.
Sunday, April 20, 2008
Thursday, April 17, 2008
Tuesday, April 15, 2008
Food Prices soar most in 17 years while retail chains go under
http://www.nytimes.com/2008/04/15/business/15retail.html?_r=1&hp&oref=slogin
Retailing Chains Caught in a Wave of Bankruptcies
http://biz.yahoo.com/ap/080414/inflation_squeeze.html?.v=4 Food Costs Rising at Fast Clip, Squeezing Poor, Forcing Food Vendors to Explain Higher Prices
Sunday, April 13, 2008
USD gaps up, EUR/USD down 200 pips on G7 fears
Saxo Bank - 7:27 PM
FX: Over the weekend, the G7 meeting resulted in a statement, which included the following sentence: "sharp fluctuations in major currencies' could have implications for economic and financial stability." This is a tightening of the laissez faire stance from the prior G7 meeting (Feb, Tokyo), but it is still not really convincing.
7:27 PM
FX: US Secretary of the Treasury, Paulson, has been stating afterwards that he "reiterated in very strong terms our commitment to a strong dollar". With the Fed cutting aggressively and the last reading on the monthly budget statement at nose-bleed low levels, it is hard to see that he and the rest of the administration are backing these words by actions.
7:28 PM
FX: The only reason for the USD to go higher is that the negative expectations for US data could be too far ahead of the real data releases. We have seen signs of such a situation lately, and strong forces are working to introduce a larger role for goverment and semi-goverment institutions in the market place to alleviate the volatility and the credit crunch.
7:28 PM
FX: G7 might be an obvious candidate for this and the threat of concerted intervention might keep the USD supported for a couple of days.
8:20 PM
FX: G7 announced worries for the too fast depreciating USD and its contributuion to global inflation. This leading to lower consumer spending and complicating policy decisions for centraL bankers who might other wise lower interest rate further to avert continuing economic downturn. The tougher talks on fx
8:20 PM
FX: (continued) markets over the weekend led to speculations on whether world leaders were planing direct intervention in the currency markets to prevents further USD decline. EURUSD opened 1.5 figures lower on back of these developments. Bids at 1.5630 and 1.5600. Offers at 1.5715 and 1.5745.
In other news…
Saturday, April 12, 2008
Subscribe to:
Posts (Atom)