Commodity ETF Investors Have Reasons to Fret [View article]
Look at GSC, the commodity ETN of Goldman-Sachs. You can bet that this ETN will be last one standing when all other commoditiy ETNs/ETFs are destroyed by Gary G.
Reminds me of the expression: "The People get what they deserve." With respect to inflation, it is inherent to Democracy. People will vote for the guy who promises the most and talks best, regardless of merit. And the politician needs to promise the most otherwise he/she will not get elected. This is one of the reasons Democracies are so bad for the economy in the long run. Ever wondered why China and especially Singapore are doing so well? No Democracies there!
Commodities: On the Downhill Slope? [View article]
Oil drop from $79 to $52 during the second half of 2006. A 34% drop. Since early July of this year, oil corrected from $146 down to about $118 as of today. A 20% drop. A similar correction as happened in 2006 would bring the price to about $96.
Commodity ETF Investors Have Reasons to Fret [View article]
Commodity Investing: Bad News for Average Investors? [View article]
Stagflation or Deflation? [View article]
With respect to inflation, it is inherent to Democracy. People will vote for the guy who promises the most and talks best, regardless of merit. And the politician needs to promise the most otherwise he/she will not get elected. This is one of the reasons Democracies are so bad for the economy in the long run.
Ever wondered why China and especially Singapore are doing so well? No Democracies there!
Commodities: On the Downhill Slope? [View article]
Since early July of this year, oil corrected from $146 down to about $118 as of today. A 20% drop.
A similar correction as happened in 2006 would bring the price to about $96.
Mid-Year Picks and Pans From Barron's Roundtable Part III [View article]
Mid-Year Picks and Pans From Barron's Roundtable Part III [View article]
In 2008: Oil at $140, DOW at 12,000.
In 26 years, oil increased 3.5 times, DOW increased 12 times! You tell me where the bubble is...
Bespoke's Commodity Snapshot (5/1/08) [View article]