Bruce Krasting

Biography

I worked on Wall Street for twenty five years. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to understand a bit about balance sheet structure and corporate bonds from Mike Milken. I was involved with a Macro hedge fund later. That worked out all right, but it is not an easy road. There was one tough week and I thought, "Maybe I should do something else for a year or two." That was fifteen years ago. I love the markets. How they weave together. For twenty five years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it.

Latest articles from Bruce

• Warren Buffet’s Sweet Solar Energy Deal - Funded by U.S. Taxpayers

  Published 12 December 2011 | viewed 1,811 times

  Yesterday, First Solar (FSLR) announced that it had sold its interests in a big solar project called Topaz. The buyer was MidAmerican Energy Holdings, a…

• Following the Money: A Look at Solyndra’s Lender

  Published 19 September 2011 | viewed 1,249 times

  If you want to find out what happened with Solyndra you have to follow the money. I did. The half billion dollars of taxpayer dough…

• Brent Versus WTI - Why so Wide

  Published 08 September 2011 | viewed 7,447 times

  We set another record yesterday. This one has me scratching my head. The Brent WTI spread widened to $27.22. That’s never been seen before. There…

• Chevron Data Proves Oil Companies NOT Speculators are Driving up Oil Prices

  Published 19 July 2011 | viewed 331 times

  Some poor wally over at Chevron accidentally released the company’s crude/distillate trading results for the year. An effort was made by the company to squash…

• What is Obama Trying to Achieve with Thursday’s Shocking Oil Announcement?

  Published 25 June 2011 | viewed 345 times

  I’m surprised by the move by the President and the IEA. What’s this about? Is it about the price of oil? Before the announcement WTI…

• Are Corn Prices Indicating that $140 Brent Crude is on the Way?

  Published 08 April 2011 | viewed 2,448 times

  Good article on corn this morning by Smart Money Europe (Zero Hedge link). The bottom line is that corn is sitting at a two year…

• USA to Sue OPEC Members over High Oil Prices

  Published 07 April 2011 | viewed 2,234 times

  High grade crude for gulf delivery hit the highest price since the spring of 2008 this morning. This is the raw material for gasoline, so…

• Crude Oil Price Hits $120

  Published 02 March 2011 | viewed 2,235 times

  Crude oil from the “light end of the barrel” hit $120 this morning. Forget what Bernanke and the MSM are telling you. They keep showing…

• Floating Crude and Shipping Rates Could Trigger $4 Gas

  Published 23 February 2011 | viewed 1,679 times

  Is $4 Gas in the Next few Months a Foregone Conclusion For years there has been a large supply of crude floating on big oil…

• Large Oil tanker Seized by Somali Pirates – Military Action Not Far Off

  Published 11 February 2011 | viewed 2,488 times

  The Somalian pirates seized another big ship the other day. This time it was a large oil tanker. I spoke with a friend who owns…

• Swiss Banks in for a Pounding Over Banking Secrecy – Why you Should Go Long Gold

  Published 01 February 2011 | viewed 1,508 times

  The blow up in Egypt is going to create ripples all over the globe. It will certainly be disruptive for equities and the dollar. It…

• Baltic Dry Index Set for a Big Fall?

  Published 28 January 2011 | viewed 5,505 times

  A friend calls from Athens this morning moaning and groaning about the sorry state of the shipping industry. I ask, “What’s new that makes you…

• Can We Blame Bernanke for the Rise in Food and Commodity Prices?

  Published 20 January 2011 | viewed 1,099 times

  It wouldn’t be fair to say that Bernanke is responsible for all the run-up in global food prices. There are many factors at play. That’s…

• Economic Predictions for 2011

  Published 30 December 2010 | viewed 3,502 times

  Oh boy is 2011 going to be an exciting year! Some things that I think might happen: -Volatility is going up across the board. If…

• Cap and Trade – A Future Train Wreck

  Published 16 December 2010 | viewed 1,049 times

  What to do with carbon based emissions? I have no clue. I’m not sure Congress does either. They will be more confused than ever after…

• Bernanke’s Learn as you Go Approach

  Published 28 October 2010 | viewed 951 times

  Jon Hilsenrath at the WSJ has been THE mouthpiece for Bernanke for the past few months. Bernanke has been telling him what is on his…

• Will Oil Break Out Soon

  Published 07 October 2010 | viewed 1,029 times

  Jon Hilsenrath (WSJ) has yet another article on Fed propaganda to ease the way to QE-2. Today it was Chicago Fed boss Charles Evans doing…

• Irelands Death Grip, the Dollar and Ben Bernanke

  Published 29 September 2010 | viewed 1,182 times

  Ireland is high on the list of, “Things that Could Go Wrong Big Time”. The numbers are so scary that they are encouraging. Ireland is…