Beware The Bubble In China's Domestic Commodity Market
Via PandaHedge.com,
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One Reader Tried To Get A Transcript Of What Obama Said To Yellen; This Is What The Fed Replied
One month ago we showed something curious: literally, the very hour the market was hitting its February lows, Janet Yellen was on the phone with Bank of England governor (and former Goldman Sachs employee) Marc Carney, followed the very next day by a conversation with ECB president (and former Goldman Sachs employee) Mario Draghi.
Japan's Keynesian Death Spiral - How Central Planners Crippled An Economy
Submitted by Yonathan Amselem via The Mises Institute,
It's Now Cheaper To 'Buy' A Dry Bulk Freight Tanker Than A Starbucks Coffee
Just 3 short months ago, we detailed how - thanks to the collapse in China's growth and massive commodity inventory gluts, the cost of renting a Dry Bulk Tanker was less than the cost of renting a ferrari for a day...
As Bloomberg reported at the time,
Dohaha, Slippery Oil Prices Laugh at Nearly Everyone
by David Haggith from The Great Recession Blog
As predicted relentlessly here, the scuttled meeting in Doha to limit oil production broke up with no agreement at all. The meeting foundered like a tanker snagged in the dessert sands because of the singular obvious factor that should have sunken all hope weeks ago but did not: Saudi Arabia said, “No deal without Iran.”
Doha disaster predictable yet not the disaster that was predicted