 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 17 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 1 day | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 1 day | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 1 day | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 1 day | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
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Finance / the Markets
Fear and the Markets
Extreme volatility is not a sign of health for financial markets. But in 2010 financial markets around the globe are experiencing unprecented volatility. Why? It is because the entire world…
The Similarities Between Deepwater Horizon and Global Financial Meltdown
The explosion of Deepwater Horizon and the collapse of Lehman Brothers share similar characteristics of risk, denial and coverup. My good friend G.F.B. recently observed that the Deepwater Horizon catastrophe…
Only Buy Companies You Hate
The Wall Street Journal published one of the funniest investment strategy pieces I have ever read. Dilbert cartoonist Scott Adams argues that you should invest in companies you hate because…
This Could Deliver Wall Street's Next Windfall
I can tell you right now that cap and trade is going to win the political battle over a carbon tax, hands down. Don't waste a nanosecond of your time…
Buy when a Lynch Mob is About to Hang Them From the Lamp Post
You know my preference for buying country funds when there is blood in the streets. The corporate equivalent of that maxim has to be to buy when a lynch…
U.S., Canada, Germany and Japan Back to Pre-2003 Industrial Production Levels
An interesting chart from the Bank of Japan's latest monthly economic report. Japanese capacity utilization is way down. Around 20% of manufacturing facilities are standing idle. This is an improvement…
Silver Coin Sells for $7.85 Million
Who Said the Dollar Was Going Down? I knew silver was doing well, but not that well! Possibly the oldest silver dollar in existence, a mint condition 1794 liberty dollar,…
Make Your Next Killing in Africa
Feel like investing in a state sponsor of terrorism? How about a country whose leaders have stolen $400 billion in the last decade and has seen 300 foreign workers kidnapped?
Welcome to Financial Reform Light
Banking industry lobbyists were popping the Champaign bottles in Washington yesterday, as a greatly weakened and enfeebled financial reform bill stumbled across the finish line, coughing and wheezing all the…
Wall Street Corruption: Are People Losing Faith in the Financial System
In order for a financial system to be able to function properly, it is absolutely essential that the general population has faith in it. After all, who is going to…
China Continuing to Buy U.S. Treasuries
More talk last night about China getting out of U.S. Treasuries. On the Q1 conference call for U.S. power major Duke Energy, management discussed the possibility of partnering with Chinese…
How the Hedge Funds Are Calling the Tune on Oil
Watching the gut churning $22 plunge in crude (USO) has been fascinating, and gives broader insights into the state of global capital markets as a whole. Just as the Gulf…
The Easy Money on the Euro Has Been Made
I have been a conspicuous bear on the euro (FXE) all year, back when it was trading at $1.45. We have now hit my target of the low $1.20's, and…
Chinese Market Indicates that US Stocks could be in for a Big Fall
Does the Chinese stock market presage the U.S. market's direction? If so, the U.S. market is set for a fall. The economies of China and the U.S. are in effect…
Where to Buy on the Dip
There is a new war underway between two forms of capitalism. The traditional type is driven by the big global multinationals we all know and love which are being aggressively…
Why Real Market Liquidity has Been Shrinking for Decades
The "flash crash" is in effect the little boy who shouted out that the emperor has no clothes. It was a day that has been long in coming. The screaming…
An Environmental Activist's Take on the Markets
I spent an evening with Lester Brown, president of the Earth Policy Institute and a winner of the coveted MacArthur Prize, for some long term thinking about the environment and…
Why the Stock Market and Oil are Rallying
Below are two self-explanatory charts which shed light on the current rallies in the stock market and oil. The first is a long-term snapshot of the Dow Jones Industrial Average,…
The Gravitational Pull of Financial Disaster
There are two views on the economy and stock markets. The first (and most widely-held) is that these are "responsive systems". Prices for homes, stocks and labour react to events…
Where Did U.S. Households Get the Money They Needed to Bid Up House Prices So High?
What happened to housing and financial markets over the last decade? To find out, follow the money. According to Yale Professor Robert Shiller's data, the run-up and collapse of U.S.…
