21.9.07
To Mr. Buckee's point, some of the world's biggest oil fields are limping into the geriatric ward
http://www.theglobeandmail.com/servlet/story/LAC.20070921.IBREGULY21/TPStory/Business
Saturday, September 22, 2007
Helicopter Ben Earns His Wings
21.9.07
Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50 basis point cuts in the Fed funds and discount rates this week may go down as the most irresponsible move in Fed history
http://www.safehaven.com/article-8463.htm
Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50 basis point cuts in the Fed funds and discount rates this week may go down as the most irresponsible move in Fed history
http://www.safehaven.com/article-8463.htm
Are we headed for an epic bear market?
21.9.07
He's not sure if it will play out like the 13-year decline of 90% in Japan from 1990 to 2003 that followed the bursting of a credit bubble there, or like the 15-year flat spot in the U.S. market from 1960 to 1975. But either way, he foresees hard times as an optimistic era of too much liquidity, too much leverage and too much financial engineering slowly and inevitably deflates.
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
He's not sure if it will play out like the 13-year decline of 90% in Japan from 1990 to 2003 that followed the bursting of a credit bubble there, or like the 15-year flat spot in the U.S. market from 1960 to 1975. But either way, he foresees hard times as an optimistic era of too much liquidity, too much leverage and too much financial engineering slowly and inevitably deflates.
http://articles.moneycentral.msn.com/Investing/SuperModels/AreWeHeadedForAnEpicBearMarket.aspx
Wednesday, September 19, 2007
Chief strategist at CLSA predicts record gold run
19.9.07
According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ounce within the next three years
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2485085.ec
According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ounce within the next three years
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2485085.ec
Saturday, September 15, 2007
Concerns of Oil Super Spike
14.9.07
Johannesburg - Supply worries pushed oil to a record high of $80 a barrel this week, adding fuel to Investec fund manager Tim Guinness' predictions that a "supply crunch" could result in oil prices hitting $150 a barrel by 2010
Somehow it seems hard to believe that just three years ago Deutsche Bank analysts were forecasting a 2010 oil price of $24 a barrel. What were they thinking?
Comment from Fritz: The DB forecast only shows what I have been saying for years now. It does make a lot more sense to read and believe in the opinions and statistics of people from ASPO (Campbell, Aleklett etc). It makes a lot more sense to listen to real experts with years of experiance in the oil sector, than listen to some so called expert, an economist who has no idea of oil at all. Unfortunately there are still many of these so called expert analyst out there.
http://www.busrep.co.za/index.php?fArticleId=5020649
Johannesburg - Supply worries pushed oil to a record high of $80 a barrel this week, adding fuel to Investec fund manager Tim Guinness' predictions that a "supply crunch" could result in oil prices hitting $150 a barrel by 2010
Somehow it seems hard to believe that just three years ago Deutsche Bank analysts were forecasting a 2010 oil price of $24 a barrel. What were they thinking?
Comment from Fritz: The DB forecast only shows what I have been saying for years now. It does make a lot more sense to read and believe in the opinions and statistics of people from ASPO (Campbell, Aleklett etc). It makes a lot more sense to listen to real experts with years of experiance in the oil sector, than listen to some so called expert, an economist who has no idea of oil at all. Unfortunately there are still many of these so called expert analyst out there.
http://www.busrep.co.za/index.php?fArticleId=5020649
Dollar's retreat raises fear of collapse
13.9.07
Finance ministers and central bankers have long fretted that at some point, the rest of the world would lose its willingness to finance the United States' proclivity to consume far more than it produces - and that a potentially disastrous free-fall in the dollar's value would result.
http://www.iht.com/articles/2007/09/13/news/econ.php
Finance ministers and central bankers have long fretted that at some point, the rest of the world would lose its willingness to finance the United States' proclivity to consume far more than it produces - and that a potentially disastrous free-fall in the dollar's value would result.
http://www.iht.com/articles/2007/09/13/news/econ.php
Northern Rock customers queue for cash as crisis hits high street
14.9.07
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQMGCFFOAVCBQUIV0?xml=/money/2007/09/14/bcnnorth414.xml
What financial institution is next in the Domino? Countrywide?
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQMGCFFOAVCBQUIV0?xml=/money/2007/09/14/bcnnorth414.xml
What financial institution is next in the Domino? Countrywide?
Tuesday, September 11, 2007
Letter from an employee in the British oil industry
10.9.07
Letter to Kunstler
As someone who works in the UK oil industry, I thought you might be interested in a view of how prepared the UK is for possible (!) future oil shortages
http://www.kunstler.com/Grunt_UK_oil.html
Letter to Kunstler
As someone who works in the UK oil industry, I thought you might be interested in a view of how prepared the UK is for possible (!) future oil shortages
http://www.kunstler.com/Grunt_UK_oil.html
fishery collapse in the North Sea
10.9.07
Once they were a national treasure chest, teeming with fish and wildlife. Now the waters of the North Sea are quiet, almost dead
http://society.guardian.co.uk/societyguardian/story/0,,2162131,00.html
Once they were a national treasure chest, teeming with fish and wildlife. Now the waters of the North Sea are quiet, almost dead
http://society.guardian.co.uk/societyguardian/story/0,,2162131,00.html
THE CONTINUING CRISIS
11.9.07
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
In all our publications, we have recently taken a good, hard look at several facets of the unfolding crisis.
http://www.financialsense.com/editorials/casey/2007/0910.html
History Should Serve As A Guide To This Wild Ride
11.9.07
Does this mean that the bull market is over? No. As long as the fundamentals are still intact, you can expect commodities to continue their bull run. And it is precisely for this reason that you must understand the fundamentals that are driving this commodity bull market."
http://www.safehaven.com/article-8389.htm
Does this mean that the bull market is over? No. As long as the fundamentals are still intact, you can expect commodities to continue their bull run. And it is precisely for this reason that you must understand the fundamentals that are driving this commodity bull market."
http://www.safehaven.com/article-8389.htm
Monday, September 10, 2007
FED: Putting Out Fire with Gasoline
10.9.07
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
So long as the Feds believe that liquidity is the answer and are prepared to pump more money into the financial system then we can only see further weakening of the Dollar and further strengthening of gold. As investors begin to realize that gold not only offers a safe haven for their wealth it is also offering attractive returns as demonstrated by Fridays close of $700.10/oz.
http://biz.yahoo.com/seekingalpha/070910/46792_id.html?.v=1
Sunday, September 9, 2007
THE END OF A 300 YEAR PONZI SCHEME
3.9.07
Panic struck on Wall Street, as the Dow Jones Industrial Average plunged a thousand points between July and August, and commentators warned of a 1929-style crash. To prevent that dire result, the U.S. Federal Reserve, along with the central banks of Europe, Canada, Australia and Japan, stepped up to the plate and extended a 315 billion dollar lifeline to troubled banks and investment firms.
http://www.webofdebt.com/articles/market-meltdown.php
Panic struck on Wall Street, as the Dow Jones Industrial Average plunged a thousand points between July and August, and commentators warned of a 1929-style crash. To prevent that dire result, the U.S. Federal Reserve, along with the central banks of Europe, Canada, Australia and Japan, stepped up to the plate and extended a 315 billion dollar lifeline to troubled banks and investment firms.
http://www.webofdebt.com/articles/market-meltdown.php
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