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STIMULUS
It would appear that there's a growing chorus of voices warning that the stimulus spending by governments around the world is merely glue holding a rather shaky model together. Inevitable stresses beyond the conclusion of the spending will con...
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MEXICO
Apparently it ain't how you pay, it's the way that you pay it, according to credit rating agency, Standard & Poor's.
Unless the Mexican President, Felipe Calderon, can find ways of diversifying away from funding the nation's budget plans...
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JAPANESE ¥EN
We can never remember the acronyms for the two political parties in Japan. And with little wonder. The Liberal Democratic Party (LDP) has ruled the roost for practically 54 years without any sign of a challenge. The former Prime Minist...
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REVIEW
There were few fireworks before Thursday's session with unrevised GDP data leaving a moribund sensation of "what next?" The slight dip in weekly jobless claims was equally uninspiring and for choice left equity traders leaning on price...
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CHINA VERSUS U.S. NEW HOME SALES
In the grand scheme of things everything has rallied. Commodity prices are higher. Equity prices are up. And economic prospects are up. Heck, even bonds are up these days. Wednesday had to be one of the quietest days we...
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Recovery
The week got off to a peculiar start. We think that for every bullish article out there was a bearish counter-exchange. Nothing was as it seemed on the surface on Monday and the confusion left investors in the American equity markets scratchin...
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BONDS
The background for global bond yields continues to worsen. U.S. 10-year notes slumped on Friday lifting rates from 3.46 to 3.56% throughout the week - a week that began with a return to bear market territory in China as the Shanghai composite cor...
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COPPER
Since the start of this year the price of the December copper future has more than doubled and reached $2.96 per pound last week in trading at New York's Comex division of the Nymex. Copper fundamentals have been driven largely by two things. Pr...
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GOLD
Metals prices parted ways on Wednesday with gold following the prompt of the euro and rising while silver prices fell. It surely was a curious day with safe haven investments sticking their heads well above the tide in early trading. The Asian equ...
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BONDS
The down day for bonds came a little bit faster than we'd anticipated in Tuesday's commentary. Although the news was mixed across the globe, the main driving force was a rebound in global equity prices. Chinese stocks turned around while Japanese...
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S&P 500 INDEX
A Hollywood script-writer would have had a hard time forecasting fallout from a meltdown in Asian equity prices any better than the way Monday's events turned out in reality.
Equity prices fell with the S&P 500 index rema...
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WE HAVE A WINNER! - Congratulations to Michael de Souza who predicted most accurately the closing price of corn, which ended Friday down 4 ¼ cents at $3.27 ¾. Michael joins Global Resources with our compliments for a free annual subscripti...
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WHEAT - What happens when 72% of the national wheat crop receives enough rain AND warm enough weather to make a great summer for farmers? Prices plunge - that's what!
When the USDA rates the crop as progressing in excellent condition, it natur...
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NO MORE CANDY!
The front page of the online version of the Wall Street Journal Thursday edition is a special feature on rising sugar prices. Specifically, it conveys a warning from American companies heavily reliant on sugar as an ingredient, to Washin...
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THE FEDERAL RESERVE
What might the Fed say as they wind down from a two-day meeting in Washington D.C. this afternoon?
Obviously it's too early to expect a rate rise from the FOMC and indeed they committee snuffed out such negative thinking ju...
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GOLD AND THE EURO
The price of gold fell on Monday. That should not surprise anyone and marked the straight daily decline at the lowest price of the day. The September contract closed at $946.70.
Gold's weakness has come about due to th...
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JOBS REPORT
What should we make of the current American recovery? Friday's jobs report was welcomed at first with a huge rally for equity markets, investors were quick to see the bright side. But as the day wore on several nagging doubts rose to the su...
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QUESTION...
When Sheena Easton was taking her Morning Train and when Dolly Parton was working 9 to 5, who was being sworn in as president of the United States?Well, that was the year that Mark Chapman was convicted of killing pop legend John Lennon. It...
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SUGAR HIGH?
What to make of record sugar prices in light of revelations that imports to one of the world's leading consumers are set to rise? While the rally has been rambunctious, with price rises in nine out of 10 days, predictions that Indian rain s...
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CANADIAN DOLLAR
After a 1.1% rally on Monday, traders ditched the Canadian dollar for all it was worth Tuesday as the Finance Minister made veiled threats about intervening to stem the appreciation of Canada's domestic currency. The U.S. bought C$1.073...
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