I see this same scenario being played out this planting season with soybeans. Prices are already skyrocketing. So far this year, soybean futures are up 12% and are trading at a six-month high. As you can see from the chart below, prices are at their highest level since last September.
Earlier this week I read a survey on Obama’s approval ratings. A CBS poll found his ratings at the lowest they’ve ever been (for CBS polls that is). From a 50% approval last month, it dipped to 41%. So why did his ratings drop? It’s all about oil.
It was last December when I drove from my home in Baltimore to attend a holiday party in Washington DC. I go to this same party every year. All I can say is, Washington parties are different.
Commodities have been flat to down for about a half year now, with a handful of exceptions. Yet mine development has proceeded ahead on the assumption that the current global slowdown will soon pass, if not this year then certainly next.
I’m a big coffee drinker. Hey, with young kids its’ hard not to be. But I’m not a coffee snob. Nor do I have much loyalty when it comes to brands.
North America’s shale gas has revolutionized the energy industry. The surge in natural gas reserves and production has completely changed the way North America plans to power itself in the future.
A new generation of reality TV has caught my attention. And it started with programs, like “Deadliest Catch”. This show profiles the Alaskan crabbing industry.
China’s economy is slowing down and cautious investors are staying away. When the herd is investing in one direction, I like to look hard and long at doing the opposite. After all, that’s how you make the serious money. So that’s exactly what I’ve done here.
