Global Market Commentary, Analysis and Investments
Who says there’s no such thing as time travel? It’s starting to feel like the fall of 2008 all over again. Indeed, the demons of 2008 are like those characters you see in the Halloween horror movies. You can kill and bury the monsters, but a few scenes later, they reappear.
So what’s happening? Is it 2008 redux? Or are things now worse than 2008 and we just don’t know it yet? Oh, for a copy of a tomorrow’s newspaper! Still, let’s do the best we can with what we’ve got.
[Read more...]There’s plenty for DR readers to disagree with in this newly-released video from the Post Carbon Institute which examines whether or not we’ve entered a “new economic reality.” It’s especially timely given current swings in financial markets… including this morning’s 400-point free fall in the Dow (so far)… and the ongoing correction in the economy.
[Read more...]There’s an old contrarian investing maxim from Baron Rothschild that says “the time to buy is when there’s blood in the streets, even if the blood is your own.” The idea is that the best investors strategize when others panic, allowing them to buy stocks on “sale.” The legend of Warren Buffett was built on this philosophy during the market turmoil of the mid-1970s.
[Read more...]With the number of of government officials… and at least one mega-billionaire… taking potshots at Standard and Poor’s over the US debt downgrade, it’s appealing to hear a few more voices emerging and willing to recognize the ongoing debt debacle for what it is, and even at the expense of perhaps somehow not sounding patriotic.
[Read more...]Earlier this week our friend Barry Ritholtz, editor of The Big Picture blog and regular speaker for the Agora Financial Investment Symposium, posted a recent Dilbert cartoon writing, “I wish I had this for the Agora conference — they would have loved it!”
How right he is!
When preparing for the world’s complete financial meltdown, you can’t forget the defensive basics. You can check out the cartoon below. It came to our attention from his original post over at The Big Picture.
[Read more...]Copper slightly disappointed investors, ending the first half of the year with a decline of 3.50 percent. Worries about global inflation and, more specifically, the potential slowing of China’s economy weighed on copper’s price. The red metal rose 5 percent quickly in the new year, but similar to zinc, lead, palladium and platinum prices, declined sharply at the beginning of May.
[Read more...]This year has been eventful for the oil patch. Natural disasters, revolutions, terrorist attacks and political maneuvering kept oil bouncing around $100 per barrel and 3.8 percent higher on the year at the end of June. Despite the volatility and large number of external forces affecting oil prices, the International Energy Agency (IEA) said in its most recent Oil Market Report that “the bull run evident since autumn 2010 therefore looks in large part to be justified by supply and demand fundamentals.”
[Read more...]The current sugar cane crops in Brazil are falling far short of expectations, to the tune of some 50 million tons, and as a result shoppers could be facing near record high food prices… again. The latest findings come by way of the United Nations Food and Agriculture Organization (FAO), which recently released its increased food price index.
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Looking at Uranium…Again
Uranium is still a “Buy”…maybe now more than ever.
The disaster in Japan slammed the uranium sector…and it still has not recovered. But this washout looks like a buying opportunity, as long as you’re not in a hurry to make a big gain.
I won’t go into the Japan-specific details, but for our purposes, it’s a safe bet that the Japan disaster means that we may not see a large-scale “nuclear renaissance” during the next generation.
[Read more...]