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  • Commodities Today: Oil Market Showing Signs Of Life [View article]
    The agreement with Iran is certainly bullish for hydrocarbons as any military confrontation in that area will limit supplies. The agreement almost guarantees such military within two years. That type of action could be limited to terrorist attacks with WMDs or an full scale confrontation similar to the 1960s and 1970s. Both will be unsettling to the price of oil and gas.
    Dec 4 03:03 AM | Likes Like |Link to Comment
  • The Fed Creates A New Germany Out Of Thin Air [View article]
    Prior to the 2008 financial crisis, the Fed failed to adequately regulate its member banks. It started QE to remedy the balance sheets of those banks. If the $3 trillion increase in the Fed's balance sheet, 80% of it is attributed to the growth in excess reserves. The Fed has been partially successful in remedying the financial condition of its member banks at a cost to Main Street. I believe that there is a tacit agreement between the member banks and the Fed not to withdraw those reserves. If this is true, we do not have to concern ourselves with this event. However, we do have to concern ourselves with how the world values our currency.
    Nov 29 02:58 AM | Likes Like |Link to Comment
  • The Austrians Are Right - Inflation Is Coming [View article]
    "The CPI misrepresents the rate at which prices are rising for most Americans."

    The government has lied to us on the facts relating to the Benghazi attack, the IRS targeting of conservative groups, the NSA spying activity, the unemployment rate, the Affordable Care Act, among others. We know that we cannot trust our government on matters of transparency, so why should we trust it on economic matters?
    Nov 26 11:17 AM | 4 Likes Like |Link to Comment
  • The Fed Is Backed Into A Corner [View article]
    "Fed Chairman Bernanke has always provided assurances that the Fed would have ways of doing that when the time arrives."

    Bernanke has not been transparent in this matter. As a minimum, he should provide his plan to exit his QE program. It would be helpful were investors aware of his plans and possibly the events that would trigger the start of this exit. Absent any knowledge of this plan, investors are investing blindly. As a result of his lack of transparency, Bernanke has sown the seeds of an economic collapse.
    Nov 22 08:01 PM | 1 Like Like |Link to Comment
  • Gold - How Many Times Can It Be Sold on the Same 'Taper' Rumor? [View article]
    "Gold - How Many Times Can It Be Sold on the Same 'Taper' Rumor?"

    The answer never changes - One more time!
    Nov 22 12:02 AM | 3 Likes Like |Link to Comment
  • Iranian Oil Outlook: Due For A Crude Oil Crash [View article]
    It is strange that all the press coverage over the unrest and civil wars in Syria, Egypt, & Libya stopped a few months ago. We are not hearing about bombing Syria or Iran over WMDs. Did all these problems end with the beginning of Fall or are these no longer discussed? Perhaps the truth will soon be revealed.
    Nov 12 09:50 PM | Likes Like |Link to Comment
  • Updated Outlook For Crude Oil [View article]
    Since the US is not close to producing all of its crude requirements, it must still depend upon a substantial amount of crude imports. As the US generates more domestic crude, it will import less crude. Foreign crude will be sold to the highest bidders. Producers are not stupid. If the US is unwilling to pay the price paid by foreigners, foreign producers will sell to the highest bidders. Less foreign crude on the US market will drive the price of WTI to the world price. Until the US is a net exporter of crude, the price of WTI will be determined by the world market.
    Nov 12 09:40 PM | 1 Like Like |Link to Comment
  • Even Economists Get Stuck Looking In The Rearview Mirror [View article]
    The future of the US economy depends upon actions by the Federal Reserve Bank and those of the federal government. How the Fed unwinds its bond buying program impacts the value of our currency. How the federal government controls its fiscal irresponsibility impacts investment and consumer spending. However, nobody, including the leaders at these institutions have any idea of how they will address these issues. Until we see what they do, it is futile to speculate on the future of the economy.
    Nov 6 11:34 PM | Likes Like |Link to Comment
  • Lower WTI Oil Price Ahead [View article]
    This article concentrates too much on the supply of crude oil and ignores the demand for it. Third World countries with billions of inhabitants are now becoming sufficiently wealthy to afford motor vehicles. Those new auto owners will purchase fuel for their vehicles and that will increase demand for crude oil. Furthermore, regulations to shutter coal power plants will also increase demand for natural gas and crude oil.

    The value of a barrel of crude oil is determined by the world market. That the Fed is and will continue to depreciate the value of the US dollar will increase the price of crude oil even if that price remains stable relative to more stable currencies.

    With increasing world demand for crude oil and the depreciation of the US dollar, we will see a higher long-term price for crude oil unless we first see a major alternative to this form of energy. And finally, we must consider war concerns on the Middle East.
    Nov 4 11:49 PM | 2 Likes Like |Link to Comment
  • It's Still Too Early To Worry About The Fed Tapering [View article]
    At 1/1/2013, we had the income tax increases of 1/1/2013 and the end of the 2% FICA tax reduction. By 3/31/2014, we will have the healthcare insurance increases from the Affordable Care Act. The Fed will not do anything until it sees how these tax increases impact the economy. In addition, the country has not resolved its fiscal and debt woes. Because of these events, the Fed will not change its QE programs until after the mid-term elections.
    Nov 3 01:28 AM | 1 Like Like |Link to Comment
  • Redacted Version Of The October 2013 FOMC Statement [View article]
    As the Fed's bond holdings increase, it owns a growing portion of government guaranteed debt, One can only wonder what today's yield would be had the Fed never expanded its balance sheet. We can also speculate what interest rates will be if the Fed ever ends its bond buying program.
    Oct 31 01:48 AM | Likes Like |Link to Comment
  • Commodities Today: Carbon Bubble? We Think Not! [View article]
    One of the assumptions that Gore makes is that global regulation will limit the consumption of carbon based fuels. Any such regulation will cripple economic activity. With sovereign debt at record levels, governments can ill afford to destroy their economies. Gore's impressions are not supported by realistic assumptions. Only when alternative fuels can compete with carbon based fuels will we see the end of the "carbon bubble."
    Oct 30 01:28 PM | 4 Likes Like |Link to Comment
  • Does Ending Unemployment Benefit Solve The Jobs Crisis? [View article]
    Perhaps we should be talking about more employment opportunities instead of unemployment handouts. And we will get more employment opportunities once this president of ours promotes employment instead of taxing it and regulating it.
    Oct 29 11:45 PM | Likes Like |Link to Comment
  • U.S. Averts Crisis For Now, But Will Investors Lose Faith? [View article]
    "However, US politicians still haven't found a permanent solution to the nation's debt problems.."
    Not only has the US not found a permanent solution to its unsustainable debt, it has increased that debt. Surely, more debt is not a solution to too much debt. The US has simply made its debt problem worse and postponed the time of its reckoning.
    Oct 18 11:26 AM | Likes Like |Link to Comment
  • Europe's Tottering Banks [View article]
    "So the bailout mechanisms will be put into place before the ECB even looks underneath the first stone."

    Developing a solution to a problem you have yet to understand solves no problems. It only creates more problems.
    Oct 16 11:17 AM | 2 Likes Like |Link to Comment