"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •295 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 974.40 | -5.90 | -0.60% |
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WTI Crude •10 mins | 62.83 | +0.04 | +0.06% |
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Gasoline •13 mins | 2.111 | +0.005 | +0.26% |
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Ethanol •295 days | 2.161 | +0.000 | +0.00% |
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Silver •295 days | 30.82 | +1.16 | +3.92% |
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Silver • 295 days | 30.82 | +1.16 | +3.92% | |
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Copper • 295 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 66.60 | +0.05 | +0.08% | |
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Natural Gas • 14 mins | 2.937 | +0.007 | +0.24% | |
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Heating Oil • 11 mins | 2.151 | +0.008 | +0.36% |
Markets
Where Mises Went Wrong
Ludwig von Mises erred when he dismissed what is known as the Fullarton Effect. In 1844 John Fullarton of the Banking School described how low interest rates were resisted by…
Hurricane Usedelia Strikes the Markets
Sometimes currency trading is exhilarating. Other times it is like watching paint dry. And in some circumstances it is like trying to track a storm. In the last "storm update"…
How Long Can Consumers Hold On?
Inflation pressures either moderated in August or reached an almost 15-year high, depending what is focused on. Since the Federal Reserve let everyone know that it is focusing on the…
BondWorks
The bad news is that 10 year US Treasury note traded off somewhat last week. The good news is that the stock market is up 3-4% since Hurricane Katrina hit…
Red Sky in the Morning.......Sailors Warning
We know how to interpret the signs in the sky, do we know how to interpret the signs in the markets? With as few words as possible here is what…
A Just in the Nick of Time Downgrade
I would like to thank the analysts at JP Morgan today for coming up with a very timely downgrade of Delta Airlines today. I fail to see how that downgrade…
Dollar Boosted by Trade, Fed
The dollar retains its upward tone amid optimism from post Katrina-reconstruction spending, preliminary figures showing the 10K casualty estimates were an overshoot as well as a retreat in oil prices.…
Hurricane Katrina and the Economy
Naturally, the talk after the most recent disaster to strike New Orleans has centered on what the most likely impact will be on the economy. This perhaps a rather vulgar…
Connecting the Dots
The combination of rising interest rates, rising property values, and rising property taxes are hurting everybody other than the affluent and will ultimately act like a heavy anchor on the…
Gulf Storms in the Offshore Oil Patch
The extraordinary level of interest in Katrina and related matters has led us to share some intriguing observations about the experiences of people who work within the offshore oil and…
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