Caroline Baum has a great column at Bloomberg News today about U.S. Dollar policy. The basic thrust of the column was about asking Ben Bernanke to put his money where his mouth is. The Fed can talk all it wants — about the Dollar and anything else it affects. But if it’s not [...]

Caroline Baum, one of the best financial reporters out there, has a new column today about the Fed. I recommend it highly. The article is about a new book by Robert Auerbach, Professor at the University of Texas, Austin called “Deception and Abuse at the Fed.”
None of the Fed chairmen chronicled in the [...]

Are we headed for a crash in commodities like the one in 1987 in equities? I doubt it. But, I am concerned that the commodities bubble is getting well out of hand. Certainly, the rationale for commodities as an inflation hedge and in a world of scarce resources is well-founded. However, [...]

Soros: Oil Is a Bubble, But Crash Not Imminent
Tuesday, June 03, 2008 7:50 AM

Oil is a “bubble in the making”, but the crash is “not imminent”.
That’s what George Soros will say when he testifies at a hearing in front of U.S. Senators today at 10 AM regarding energy market manipulation.

Toll Brothers (TOL): Another Lousy [...]

Has Oil Production Reached a ‘De Facto’ Peak?
Monday, June 02, 2008 5:10 PM

Jim Kingsdale submits:
Someone please call the English Department to come save the world’s oil analysts. Words are failing them.
On one side of the net are analysts looking at graphs of oil production and saying something along the lines of Boone Pickins’ recent [...]

Warren Buffett is in Germany looking for large acquisitions of German companies. He’s been forced to go global as his size and the US’s competitive position has limited his options in the US. I caught a German-language article from Der Spiegel regarding his activities in Germany. While the article wasn’t particularly revealing, [...]

Caroline Baum was asking in her column today: “How can a 2 percent funds rate be appropriately calibrated to promote moderating inflation when inflation is currently rising at almost 4 percent?” The answer: it can’t. The Fed is all about easy money.
Look, we have a huge debt problem in this country. Have [...]

George Soros claims that we are experiencing the most wrenching times in our financial system since the Great Depression. One has to be either appreciative of his advice or envious of his wealth. He made $3 billion in 2007 as a hedge fund manager while the debacle unfolded.
“We are in the midst of [...]