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EconMatters: The EUR/USD index edged up to 1.2533 on Wednesday, U.S. 4th of July holiday Wednesday in subdued markets ahead of the ECB rate decision to be announced on Thursday. As expected, ECB officials meeting in Frankfurt will cut benchmark Read more…
EconMatters: Crude oil prices, along with world stocks, surged on Friday after euro zone leaders reached an accord on directly recapitalizing regional banks as well as measures to cut soaring borrowing costs in Italy and Spain. Brent crude jumped more than Read more…
EconMatters: What a difference a year has made! About this time last year, the dollar seemed on the brink of disaster amid the debt ceiling debate at U.S. Congress. U.S. CDS spiked 430% in three months, and S&P downgraded the U.S. sovereign debt credit rating Read more…
EconMatters: Brent crude ended trading above $120 a barrel on Friday, April 13, while WTI crude on NYMEX for May delivery settled at $102.83 a barrel. Oil has traded above $100 for all but a couple of days in the past year (see chart below). This persistent high oil price has many concerned to start threatening Read more…
EconMatters: The ink on our last article is barely dry when its dire prediction actually came true 48 hours later–natural gas price dropping below $2, a level not seen in over a decade. Henry Hub natural Read more…
EconMatters: Copper has fallen recently, the most in nearly two months after the latest meeting minutes from the U.S. Federal Reserve meeting showed policymakers seem not quite ready to launch further economic stimulus. The red metal did manage to rebound a bit to $3.79 per pound on Friday after Read more…
EconMatters: Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy, from Singapore with Susan Li on Bloomberg Television’s “First Up” on Monday 29 Nov. Rogers also comments on Europe’s sovereign debt crisis, Federal Reserve monetary policy and the U.S. economy. Read more…
Andrew Butter: The latest idea coming out of the “Hedge-Fund” camp that I saw to explain the recent climb in the price of gold as expressed in US dollars is “Real” interest rate. Read more…
Ellen Brown: Countries everywhere are facing debt crises today, precipitated by the credit collapse of 2008. Public services are being slashed and public assets are being sold off in a futile attempt to Read more…
EconMatters: Our research analyst John Gray was interviewed by Carolyn Cui from Wall Street Journal regarding why we believe CME should have raised margins on silver earlier and had missed Read more…
Bob van der Valk: The oil (NYSE:USO) market turned around this week and spot market gasoline and diesel prices in turn went back down the week of May 1, 2011. This goes against the grain of Read more…
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