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The outlook for commodity prices depends on the outlook for the global economy. And the dollar. Once the current liquidity crisis subsides, the market will focus on the tool used to ...
Investors all over the world are moving to cash. They are being driven by fear and the need to meet liabilities elsewhere. Good companies and bad companies are getting caught in the ...
US Energy Secretary Samuel Bodman sees a problem. He thinks that long-term financing for building nuclear power stations is at risk. This may be true in the US, but he really needs to ...
Last Thursday, Germany’s finance minister stood before parliament to proclaim the death of the world financial order. “The US will lose its status as the superpower of the world ...
Last time I wrote about this subject I got hate mail. Some of it was genuinely vile. But I’m going to write about it again anyway. So, let’s talk wind power. Or, more to the point, ...
In 1974 I was three years old. One of my first memories involves a candle. I was fascinated by the light as it was reflected around the room. Everywhere else was dark and the light ...
It’s not only Wall Street that is being bailed out by the US taxpayer. They’re going to have to find another $25bn to save Detroit too. This is another nail in the dollar’s ...
Several exchange traded funds were suspended last week. 113, to be precise. These funds were backed by AIG, the struggling insurer. In a defensive move, the issuer, ETF Securities, ...
Reading the newspaper every morning has been pretty depressing. Every day the news seems to get worse. It’s enough to put me off my breakfast. Until today. Finally we have some good ...
I run the risk of sounding like a broken record, but we have just seen another huge market failure take place. Lehman Brothers filed for bankruptcy last night. I would say that it has ...
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