Submitted by Econbrowser
Several readers call our attention to testimony by Michael Masters, of Masters Capital Management, before the Senate Committee on Homeland Security and Governmental Affairs, on the role that speculation has played in recent commodity price movements. Here is what I think Masters is missing.
Masters testified:
What we are experiencing is a demand shock coming […]

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Submitted by Businomics Blog
I see the stream of anecdotes coming across the news: this company’s sales are down, another company is holding its own.  Business leaders should understand the wide variation of sales performance by businesses all experiencing the same economic underpinnings.  Here are two examples I’ve noticed lately.
The upscale restaurant chain McCormick and Schmick’s […]

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Submitted by The Capital Spectator
There are no easy answers to America’s energy challenges, but if there’s any hope of finding anything resembling a solution, it surely begins with an honest assessment and discussion of the facts. And therein lies the problem: coming to terms with reality.
It’s a simple task, really, although in a business as […]

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Submitted by CARPE DIEM
UK Daily Telegraph –The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite.
The forces behind the meteoric price rise this spring […]

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Submitted by CARPE DIEM
NPR — If you think your dry cleaning bills are high now, hang on. Wire hangers are getting more expensive due to import tariffs on cheaper hangers from China. So dry cleaning operators are asking customers to return their hangers to help keep costs down.
A flood of cheap Chinese hanger imports in […]

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Submitted by CARPE DIEM
We have failed to increase our country’s crude oil production. Domestic oil production has declined, to 1.9 billion in 2007 from 3.1 billion barrels in 1980, while imports increased to 3.7 billion barrels from 1.9 billion. We now importing about 60% of the oil we use.
One reason for the imports is that […]

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Submitted by A Dash of Insight
Successful trading and investing requires finding an edge.  At “A Dash” we look for broad themes that most are getting wrong.  Since there are many very intelligent, very savvy people who work in the investment world, it may be difficult to find corners of knowledge that are under-represented.
We have suggested […]

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Submitted by Econbrowser
The World Bank’s new World Development Indicators were released a bit over a month ago. The impact on the estimates of RMB misalignment are substantial. (This is an elaboration on a RGEMonitor post by Yin-Wong Cheung from a week and half ago, and is based on preliminary results from a presentation made yesterday […]

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Submitted by CARPE DIEM

World oil prices might decline if there were more spare oil production capacity. But the control of world oil prices is not in the hands of investor-owned oil companies in the United States, which control just 6% of worldwide oil reserves (national oil companies of foreign governments own 80% of the world’s […]

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Submitted by CARPE DIEM

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