Con-tango

April 17, 2007
In Journal
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Copper tests highs

China has been growing with a whopping yearly GDP of at least 10% for the past 4 years. Although voices questioning its stability are sounding louder and louder from both sides of the fence. From Treasury Secretary Paulson’s last week comments to the G7 Finance Ministers statements, all seem to agree with Premier Wen Jiabao’s statements, "growth is unstable, imbalanced, uncoordinated and
unsustainable."

April 9, 2007
In Economy, Views
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China; a runaway train

Two reports from Bloomberg on China caught my eye this weekend:

April 2, 2007
In Economy, Views
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The vultures are here

Vulture Bearded.
Source: vultures. homestead.com

Banks and hedge funds get ready to take over the coming wave of distressed institutions…

April 2, 2007
In Economy, Views
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The tipping point

The 300 movie. Spartans pushing Persians off a cliff.
Source: gamespot.com

Reading Bloomberg’s headlines today brought a chill down my spine.

China Calls U.S. Import Tariffs `Unacceptable,’ Affirms Right to Respond

Dollar Falls Against Euro, Yen as U.S. Adds Tariffs on Imports From China

U.S. Stocks Fall on Housing, Rate Outlook, Leaving Dow With Quarterly Loss

European Stocks Decline on U.S. Economic Reports, Led by Axa and Lafarge

U.S. Treasury 10-Year Notes Drop for Second Week on Concern About Economy

European Government Bonds Drop for Second Week on Interest Rate Concerns

Asian Stocks Fall This Week on U.S. Economic Outlook; Sony Leads Declines

EU Calls For `Immediate’ Release of 15 U.K. Troops Seized by Iran in Gulf

Bush Says the Democrats Are Pursuing `Reckless’ Tax, Spending Policies

Are we at the brink of a recession? Or worse?

March 27, 2007
In Views
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Hurricane forecast ignites crude prices

Hurricane Katrina. Courtesy: SkatterTech.

Accuweather’s forecast of a strong 2007 hurricane season for the Gulf Coast ignites crude oil futures prices (CLK7) to spike to a little under $66, after 5:00 PM EST…

February 7, 2007
In Economy, Views
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The yellow submarine

The Yellow Submarine. Courtesy of Howie Green.

I’m loving this post already. So many fond memories…

First, the music,

Then, the lyrics, courtesy of sing365.com…

[…]

We all live in a yellow submarine,
Yellow submarine, yellow submarine,
We all live in a yellow submarine,
Yellow submarine, yellow submarine,

weird sounds

As we live a life of ease,
Everyone of us has all we need (has all we need)
Sky of blue (sky of blue) and sea of green (sea of green)
In our yellow (in our yellow) submarine (submarine. Blaha)

We all live in a yellow submarine,
Yellow submarine, yellow submarine,
We all live in a yellow submarine,
Yellow submarine, yellow submarine,

[…]

So appropriate for the subject at hand, the case of global market liquidity.

February 6, 2007
In Economy, Views
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Captain Morgan’s pirates

Morgan’s Rum. Courtesy of Don Maitz.

Continuing with my previous post, a salient feature which has allowed Morgan’s pirate traders to make trillions of USD is the fact that they have shown their abilities to navigate a deep sea of liquidity, with low volatility winds.