Hot Money and Financial Activity in Commodity Exporters
A new World Bank paper looks at the interaction between commodity prices and commodity exporters. It’s a story about hot money.
Read more...Category Archives: Commodities
Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...The Bears Are Back – Oil Slides On Negative Sentiment
Oil prices have gone wobbly…
Read more...Patrick Cockburn: How Neoliberalism and Cold War Obsessions Fractured the Middle East
How neoliberalism, the resource curse, and military interventions by Washington and its allies, profoundly destabilized the Middle East.
Read more...Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It
Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...When Commodity Prices Fall
Decomposing the drivers and effects of commodity price swings.
Read more...The Real Reason Saudi Arabia Killed Doha
Who was Saudi Arabia really targeting when it scuttled the meeting of oil producing states in Doha?
Read more...Is the Oil Price-GDP Link Broken?
Explanations of the oil price decline are starting to acknowledge deflationary factors, even though the “d” word seems to be outside the pale .
Read more...How Much Has Global Economic Power Really Shifted?
Why the shift in economic power from advanced to developing economies has not gone as far as most accounts would have you believe.
Read more...Is an Aussie Debt Crisis Around the Corner?
Australia’s macro numbers are looking more worrisome by the minute. Is this a trajectory to a debt crisis?
Read more...Senators Try to Scuttle Syngenta/ChemChina Merger, in a Harbinger for U.S. Posture Toward Chinese Investment
This is a big week for the future of American industry. Chinese Premier Xi Jinping will meet one-on-one with President Obama on the sidelines of a summit in Washington. The Chinese will apparently use the meeting to make a new offer on a bilateral investment treaty that would pave the way for more foreign direct […]
Read more...Wolf Richter: World Trade Collapses in Dollars, Languishes in Volume
A rout in world trade that started in June 2014 shows no sign of getting better.
Read more...CFTC Commissioner Giancarlo Admits to Hijacking Advisory Committee to Boost Commodity Speculators
Last week, an advisory committee to the Commodity Futures Trading Commission produced a highly dubious report recommending that the agency abandon the Dodd-Frank mandate of setting position limits in futures markets to eliminate excessive speculation. The report was just an enhanced form of lobbying; eight of the nine members of the Energy and Environmental Markets Advisory Committee (EEMAC) have ties to industries that would personally benefit from killing the rule.
The big question was how an official advisory committee of a federal agency could turn into a purely distilled conduit for corporate talking points? And the answer is Christopher Giancarlo, the lone Republican commissioner on CFTC at the moment, who took advantage of the committee, twisted it to his own ends, and produced a work product destined to be used in future litigation to overturn the position limits rule.
Read more...Oil Giant Cuts Budget By 80 Percent And Suspends Fracking
Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its budget for this year by 80 percent in a move that sent its shares up 9 percent on Wednesday, back down to a record low on Thursday, and $4.02 Friday morning.
Read more...China’s Vulnerable External Balance Sheet
A look at the risks of China’s external debt.
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