I always feel a bit sceptical when I read a report about unending growth and prosperity. Rio Tinto thinks that the metals and mining boom will continue unabated for years. That certainly puts him in the same camp as Jim Rogers. Rio CEO Tom Albanese was quoted as saying,
“There is no question that [...]

The Financial Times Deutschland is reporting that China and Iraq want to revive a Saddam-era oil contract between the two nation that is worth billions of dollars. The contract, an obvious economic coup for China, secures Beijing exploration and development in the south of Baghdad situated Ahdab oil field.
The Iraqi government looks to be doing [...]

One reason I believe inflation pressures will slow going forward is that the global economy has already slowed enough to have a measurable impact on oil demand and all commodity prices across the board. As July comes to an end, the month is shaping up to be the worst in commodities for 28 years.
Tumbling [...]

I certainly believe they have. Price action speaks to this. The Wall Street Journal’s Market Beat had this quote about the price action in commodities:
The price of many commodities and commodities stocks — from gasoline to coal to fertilizer makers — rode up on the coattails of crude oil. So oil’s moves are [...]

Oil at $100? That’s certainly my call and I’ll stick to it. So far my call of oil peaking at $150 is holding.( We’ll see for how long). On July 9th, after oil’s first pullback to $138 I said:
Yesterday, oil fell the most in one day since the start of the Gulf War in [...]

As I write this, crude oil is well off its high of $147.50 on July 11. We are all eager for some sustained relief in the oil price. However, the right question at this point is: has the damage already been done?
First, consumer inflation for June 208 in the U.S. was 5.0%. [...]

Yesterday, oil fell the most in one day since the start of the Gulf War in January 1991 to close at $136.03 in New York trading. Now is the time to evaluate whether we have seen the top in oil prices? On Thursday in my post “Oil close to $146” I said,
The price action [...]

No one is paying a whole lot of attention to Australia right now because of the massive busts in the US, the UK, Spain and Ireland. But, Australia has had a property boom as well. And this boom looks like it’s coming to an end.
IN further evidence that the property market has been [...]

Oil tightened its squeeze on world economies today soaring to a new high of over $145 a barrel. Eurozone growth is also expected to take a further hit at lunchtime when the European Central Bank is expected to raise rates to curb inflation.
In London, the continuing threat of an attack on Iran, the [...]

WINFIELD, Mo. — A makeshift sandbag levee holding back the Mississippi River failed early Saturday and authorities said part of the town was evacuated.
From the Wall Street Journal.
Winfield, 45 miles northwest of St. Louis, is in Lincoln County, which has been particularly hard hit by flooding caused by torrential rain that fell across the Midwest [...]