Ross Snyder has served as Associate Principal Horn of the Omaha Symphony since 1998. Like a minor-league ballplayer, he has also had his "cup of coffee" with the symphonies of Houston, St. Louis and Chicago. Outside of his full-time gig, Mr. Snyder is adjunct faculty with the... More
Gold and oil traditionally follow each other, based on confidence in the global economy and on strength in the U.S. dollar.
But since its August 24 close of $73.68, oil has trended downward. Gold, meanwhile, has been racing since about September 1. These opposing trends come amidst ongoing global recovery, weakening dollar, and diminishing retail expectations. The following chart runs from July 27 to September 11, 2009.
Stock markets have recovered most of this year’s losses. Where I live, spirits have risen too. Houses on my block have sold for more than they were purchased. The Friday afternoon rush hour drags into the evening as restaurants are filling their tables again.
If you don’t see the occasional empty storefront, you might even think Omaha hasn’t skipped a beat since 2007. But you’d be wrong.
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A long-short commodity play
Microlending: Some Missed Opportunities
Stock markets have recovered most of this year’s losses. Where I live, spirits have risen too. Houses on my block have sold for more than they were purchased. The Friday afternoon rush hour drags into the evening as restaurants are filling their tables again.