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The Next Three Government-Backed Bubbles Unveiled
The good times are back!
U.S. GDP declined at a mere 1% annualized rate, after inflation, between April and June.
Consumers only cut back spending at a 1.2% annualized rate during the same period.
Barry Norris, a partner at Argonaut Capital in London, explained how the world economic recovery “could be V-shaped after all."
To top it all off, the “cash for clunkers” program sparked an auto shopping spree. Dealers moved 250,000 cars off the showroom floor in a few short days. This is great news for an auto industry which was hoping to sell 10.5 million cars this year (a rate of about…
5Aug2009 | Q1 Publishing | 0 comments | Continued5 Reasons to Buy the “Other Fossil Fuel” Now
Every once in a while, commodity prices fall so low, they can’t be produced cost effectively anymore. Inevitably, producers have to eliminate production and scale back or drop expansion projects to reduce supply. Inevitably, the commodity’s price comes climbing back.
It happens all the time. It happened when uranium fell to $7 a pound nearly a decade ago. It happened when oil fell to $10 a barrel a few years ago. It happened again to oil a few months ago when prices fell to $35 a barrel. It’s happened to zinc, copper, agriculture – every commodity.
It’s how the commodity world works.…
28Mar2009 | Q1 Publishing | 0 comments | ContinuedCreating Feds Like It’s 1913
I received an email from a Washington, D.C. advocacy group urging me to urge my U.S. Senators to “support the Climate Security Act.†Climate security? This is legislation to set up emissions trading or a “Cap & Trade†system for carbon-based energy supplies.
Basically, the government sets up a national limit for carbon emissions. This is meant to slow the changes that are supposedly occurring to the atmosphere, and by implication threatening the long-term health of the earth’s climate systems.
Under the national Cap & Trade limits, industry has to obtain rights to emit carbon dioxide (CO2) or find another source for…
20Jun2008 | The Penny Sleuth | Comments Off | Continued
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