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Investing in Commodities: The Three Greenest Shoots of All
This is how a recovery begins.
A few months ago it seemed like there was no end to the downward spiral. More than 20,000 people were losing their jobs every day. The stock market was steadily falling. Panicked consumers were cutting back aggressively. The government pushed through $787 billion in emergency stimulus spending under the guise of getting the economy going again.
Here we are a few months later and a few things appear to be turning around. Everyone is spotting those “green shoots” the Fed Chairman told us to look for a few months ago.
Consumer confidence has risen for three…
12Jun2009 | Q1 Publishing | 0 comments | ContinuedInvesting in Commodities
Most of us Americans are so accustomed to a world of plenty; we have a hard time imagining a world of scarcity — much less making investments based upon this idea. But the energy markets provide a very powerful example of what happens when resources become less plentiful.
Five years ago, almost no one believed that oil prices would soar past $30 per barrel. $50 seemed utterly unthinkable. As oil prices continued climbing, so did disbelief. The skeptics never abandoned their misguided notion that oil was “overpriced.†So when crude retreated from $75 to $50 early last year, the prospect of…
23Jun2008 | The Penny Sleuth | Comments Off | ContinuedU.N. Calls for Increased Cooperation to Fight Growing Global Food Crisis
The United Nations announced yesterday (Wednesday) that an additional $20 billion would be needed each year to combat global hunger.
On the second day of a three-day summit hosted by the U.N.’s Food and Agriculture Organization in Rome, leaders from 40 nations and representatives from 183 countries met to address the growing world food shortage.
“We must focus on the underlying causes: years of neglect of the agricultural sector and the lack of investment in increasing productivity,†U.N. President Ban Ki-Moon told reporters, Bloomberg News reported. “The price of oil has contributed significantly in the price rise of food. There is no doubt…
4Jun2008 | Money Morning | Comments Off | Continued
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