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Stimulus and Money Printing to Create New Oil Bubble
Is oil at a turning point? Get ready bubble buyers as the next big oil bubble is getting inflated once again. There is 1.1 trillion dollars of global economic stimulus and a global interest rate imbalance between the United States and Europe and this is creating the same type of macroeconomic conditions that caused oil to spike up to $147.00 early in this economic crisis. Forget about supply and demand for the moment because they are just a passing afterthoughts. The commodity markets seek to adjust to what the UK Prime Minister calls a ‘New World Order”. A new…
7Apr2009 | The Real Deal | 1 comment | ContinuedWorld Bank: Global Economy to Shrink for First Time Since World War II
The World Bank estimates that the global economy will likely shrink for the first time since World War II – at least five percentage points below potential – and emerging markets will suffer the hardest hits with severe long-term implications.
In its latest report, "Swimming Against the Tide: How Developing Countries are Coping with the Global Crisis," the World Bank says that 94 out of 116 developing countries have experienced a slowdown in economic growth. Of those, 43 have high levels of poverty.
And the most affected sectors are those that were the most dynamic not too long ago: Urban-based…
10Mar2009 | Money Morning | 0 comments | ContinuedWorld Bank Triples Lending to Developing Countries
The World Bank said today (Wednesday) that it plans to triple its lending to developing nations this year in an effort to prevent a “human crisis” that has been brought about by economic turmoil.
The amount the World Bank lends to developing countries such as China, India and Brazil could reach $35 billion for the 12 months ending June 30. That’s almost triple the $13.6 billion doled out to developing countries over the last fiscal year. The bank said it is prepared to commit up to $100 billion over the next three years, with the majority of the funds to be…
13Nov2008 | Money Morning | Comments Off | ContinuedAgri-Biotech Giant Monsanto Moves into its Newest Venture: Biofuels From Prairie Grasses
Agricultural-biotech giant Monsanto Co. (MON) is already a global leader in the development of genetically engineered crop seeds.
Now the St. Louis-based firm is exploring the potential for biofuels, one of the hottest sectors in the alternative energy realm.
Monsanto and the Hayward, Calif.-based Mendel Biotechnology Inc. have joined forces to study how certain prairie grasses could be transformed into biofuels.
The terms of the deal were not released. But the companies aren’t strangers. In fact, Monsanto and Mendel say that they’ve spent more than a decade collaborating on the development of “biotechnology traits” for such crops as corn, soy, cotton and canola. And…
1May2008 | Money Morning | Comments Off | Continued
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