Archive - Jul 12, 2013 - Blog entry

Gasoline RBOB price moves are ridiculous.  RBOB closes Friday above 40 cents from the price on July 1^st without any major news like 5 refiners exploding, or a major hurricane...

Serf's Up...

The move is very reminiscent of the 2007 top where we had a top, a brief collapse and then a final burst higher to a new high. Within a few months however, the markets had begun to descend into what would ultimately be the worst Crisis in 100 years.

Using simply math, it's easy to calculate that the jig is up in Portugal. Between now and this time next year, we'll likely see defaults and/or restructurings.

Trading volumes for gold and silver on the Shanghai Futures Exchange (ShFE) jumped to record highs today a week after the bourse launched after-hours trading, driven by a surge in investment and hedging demand, according to Reuters.

A new data base decomposes OECD trade flows to discern the value added actually being done. Bottom line is that when this important economic concept is used, the bilateral US trade deficit with China appears considerably smaller than conventional approaches. And to anticipate potential criticism, it does not mean that one time series is lying...

It looks as if China’s days of double-digit economic growth are well and truly over (at least, for the moment). Data that will be released next week (second quarter figures) will show a quarter-on-quarter slowdown that is setting in now for China’s gross domestic product. The figures will be issued on Monda

They're creepy and their spooky...

Investing in early stage large infrastructure projects is notoriously a poor investment for investors. Instead the better option is in buying distressed debt on infrastrucure for cents on the dollar.