With a lot of attention being focused on record-high prices for agricultural commodities like corn, soybeans, and wheat, Ag-Commodity expert Ned Schmidt shares with Financial Sense what’s driving prices higher, what to look out for when investing in commodity ETFs, and a few ideas for the space.
A year ago this month the Democratic People’s Republic of Korea (DPRK) vowed to “reduce all the rat-like groups [in the Republic of Korea] … to ashes in three or four minutes … by unprecedented peculiar means and methods….” In response to this, South Korean (ROK) officials urged the DPRK “to immediately stop”
Prominent technology forecaster Paul Saffo—named a "Global Leader for Tomorrow" by the World Economic Forum—says that even though Murphy’s Law will probably come first, we should “immediately undertake” the creation of what he calls a “global economic observatory” to help govern this new world we’ve created.
The Cyprus banking kerfuffle has ignited a blogosphere storm debating the likelihood that depositors elsewhere, perhaps even ‘guaranteed’ ones, may find themselves on the hook for recapitalising their domestic banks. Largely lost in this discussion however is the unpleasant reality that a substantial portion of the international financial sector has been undercapitalised or even insolvent since at least 2008, if not before.
The changes in precipitation patterns created by the negative Pacific Decadal Oscillation (PDO) have made some agricultural areas more productive and others more drought-prone. This article has maps that show which areas of the globe will be facing major changes.
The punishment regime imposed on Cyprus is a trick against everybody involved in this squalid saga, against the Cypriot people and the German people, against savers and creditors. All are being deceived.
The rolling crisis in Cyprus should reach a crescendo this week. If the parliament votes yes on some type of deposit confiscation, it would mean the people of Cyprus have elected to go “all in” on the euro and link their fate with the fate of the single currency.
Puru Saxena is an investment adviser for individual and corporate clients in Hong Kong as well as a widely cited expert and regular guest on CNN, BBC, CNBC, and Bloomberg. In the following recent interview with Financial Sense Newshour, he argues that Hong Kong, as well as China, is in store for a massive real estate bust and recession. When will this happen? When the U.S. starts raising interest rates.
The Census Bureau reported a decline in month to month seasonally adjusted new house sales yesterday, but a solid increase on an annual basis. It was a confusing report, but the bottom line is that new house prices are inflating, but sales are still dead in the water relative to historical norms.
If we shed our fixation with the Fed and look at global supply and demand, we get a clearer understanding of the tailwinds driving the U.S. dollar higher.
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