Jim's Captain's Log

Commodities: Bust or Boom?

17 Nov 2006

The American economy has been called a bubble economy. We have bubbles everywhere you look—from real estate and mortgages to bonds and consumption. There are many on Wall Street who believe that commodities have become an asset bubble as well. Oil prices have risen from $20 a barrel to today's prices of close to $60.

Where's the Beef?

25 Jan 2011

Last Monday OPEC revised its world oil demand growth upwards given the pace of global economic recovery. “Given the latest upward revision in world GDP, world oil demand growth is forecast at 1.23 bpd averaging 87.3 million bpd in 2011, 50,000 higher than last month’s estimate. … The magnitude and the speed of the world economic recovery will have a remarkable impact on world oil demand this year

So You Think You Can Dance

31 Jan 2011

I know what you’re probably thinking. How can stocks keep going up when things look so terrible? The U.S. is running trillion dollar deficits, ( $1.5 trillion for 2011), the unemployment rate is stuck over over 9%, ( double that figure if you look at U6 and count discouraged workers), capacity utilization and business investment is below normal, housing prices have fallen, vacancies are high, consumer credit remains anemic, and there are riots in the streets. Under these circumstances stocks must be in a bubble.

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