Apparantly they did not learn the first time…. John Meriwether’s Long Term Capital Management hedge fund blew up in the late 1990’s and was bailed out. It looks like he is well on his way to another failure

• Be the first to comment...

Recently, broad based selling swept through the energy, grains, livestock and metals markets…. Has the commodity bubble burst, or is this just another short term correction in a continuing long term trend? The current situation is similar to what I described late last

• Be the first to comment...

China’s oil consumption hits record high in first quarter
Soaring oil prices have not slowed China’s consumption of oil as statistics show that China’s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year.
According to statistics released Tuesday by the

• Be the first to comment...

http://www.iht.com. FRANKFURT: Europe is facing a “very strong inflationary shock” as a result of rising energy and food costs, the top European Union official for economic affairs said Monday as the price of oil neared $120 a barrel.
Joaquín Almunia, the EU commissioner for economic and monetary affairs, said that higher inflation was emerging as “a [...]

• View 1 Comment...

April 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke may have to start talking and acting more like Paul Volcker if he wants to avoid being remembered as another Arthur Burns.
With oil and food prices surging, Volcker told the Economic Club of New York on April 9 that “there are some resemblances between the [...]

• View 4 Comments...

For a few short days in October 1987 the U.S. financial system came perilously close to completely collapsing. Dramatic shifts in the flow of capital between interrelated markets occurred as a sudden swing in expectations from optimism to pessimism among market participants overwhelmed the worlds financial systems. Panic selling led to a complete loss of [...]

• View 7 Comments...

WASHINGTON/NEW YORK (Reuters) - With global tensions over food supplies mounting, prices of world staples rice and corn surged on Tuesday amid strong demand and concerns over slow planting of the new U.S. corn crop.
Meanwhile, the Asian Development Bank warned Asian countries against export controls, and the Inter-American Development Bank said the food-versus-fuel debate had [...]

• View 2 Comments...

LONDON (Reuters) - The credit market turmoil is presenting opportunities for funds to snap up investment grade bonds at bargain basement prices, particularly among financials, but the window of opportunity is unlikely to be open for long.
With hedge funds and other nimble investors coming back to the market, and historically wide spreads — the premium [...]

• Be the first to comment...

Global trade growth is expected to slow to a six-year low of 4.5 per cent this year but China has overtaken the US as the world’s second-biggest exporter, the World Trade Organisation (WTO) said yesterday.
Heavily influenced by the turmoil in financial markets and the sharp economic slowdown in leading western economies, global merchandise trade is [...]

• Be the first to comment...

The slowing U.S. economy did not seem to slow down Google, which reported a surprisingly strong surge in first-quarter profits Thursday.
Google’s net income jumped 31 percent to $1.31 billion and revenues swelled 42 percent to $5.19 billion compared to the same period last year.
The report trumped many Wall Street analysts, who had reduced their forecasts [...]

• Be the first to comment...