Expectations govern markets. Only the media can make money from yesterday. Money is made in markets by people acting today in expectation of what will happen in the future, or in fulfillment of what had been expected and acted upon previously. Changing expectations change markets.
In details
Monday, July 31, 2006
Sunday, July 30, 2006
Trade diplomacy and internal politics
The trade diplomat's incantation that to open his market is a “concession” granted in exchange for an opening somewhere else is economic nonsense spouted for domestic political purpose.
But it is remarkably fruitful nonsense because, within the World Trade Organisation, any concession to one trade partner is automatically extended to all members. This trick has helped the world enjoy decades of prosperity.
(Source The Economist)
But it is remarkably fruitful nonsense because, within the World Trade Organisation, any concession to one trade partner is automatically extended to all members. This trick has helped the world enjoy decades of prosperity.
(Source The Economist)
Supply concerns push oil and copper higher
Oil prices continued to rise on Friday, extending their gains from the previous session, amid continuing concerns about fighting in the Middle East and the possibility of prolonged disruption in to output from Nigeria.
In Nigeria, Shell has declared force majeure on Bonny Light crude exports from a terminal that normally exports about 390,000 barrels of oil a day after a pipeline leak shut down 180,00 barrels a day of production.
Shell’s chief executive warned there was unlikely to be a significant recovery this year in the production that has been shut down.
ICE September Brent rose 20 cents to $75.21 a barrel while Nymex September West Texas Intermediate added 10 cents to $74.64 a barrel.
Copper rose to $7,620 a tonne on supply concerns with workers at Escondida, the world’s largest copper mine in Chile, likely to vote for strike action later on Friday.
Click here for more from FT.com
Source Yahoo! Finance
In Nigeria, Shell has declared force majeure on Bonny Light crude exports from a terminal that normally exports about 390,000 barrels of oil a day after a pipeline leak shut down 180,00 barrels a day of production.
Shell’s chief executive warned there was unlikely to be a significant recovery this year in the production that has been shut down.
ICE September Brent rose 20 cents to $75.21 a barrel while Nymex September West Texas Intermediate added 10 cents to $74.64 a barrel.
Copper rose to $7,620 a tonne on supply concerns with workers at Escondida, the world’s largest copper mine in Chile, likely to vote for strike action later on Friday.
Click here for more from FT.com
Source Yahoo! Finance
Saturday, July 29, 2006
Friday, July 28, 2006
Where the wealth is?
The level of gross foreign claims on U.S. assets is approaching $14 trillion, about 25 percent of U.S. wealth and perhaps 10 percent of global wealth. Eventually, foreign investors would become reluctant to own, say, the bulk of U.S. assets or to have the majority of their wealth holdings invested in one country. However, we are far from such limits for two reasons.
Followign that logic, the USA is home for the 40% of global wealth.
Source - America's External Balances Economic outlook
'America, America, God shed his grace on thee,
And crown thy good with brotherhood,
From sea to shining sea...'
Followign that logic, the USA is home for the 40% of global wealth.
Source - America's External Balances Economic outlook
'America, America, God shed his grace on thee,
And crown thy good with brotherhood,
From sea to shining sea...'
Thursday, July 27, 2006
Greed (Gordon Gekko)
The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.
Thank you very much
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.
Thank you very much
Wednesday, July 26, 2006
Monday, July 24, 2006
Wal-Mart's New Online Children's 'Hub' a Real Bomb
Wal)Mart's new online Children's Hub is Real Bomb. That has blown inside WlaMart. It contains blogs for teens, and contains following copyright's "best practice":Shopping will be my number ONE hobby this fall. I am going to be the most fashionable teen at school! I'll be on the lookout for the latest fashions. From leggings to layers, to boots and flats, big belts and headbands! I'll be looking for it all! Layering is SO IN right now. Hobo bags are also in style. OH! And big sunglasses! WHOO!! I don't know where to stop! With all of the new clothes I'll be getting, the kids at school will be begging me for fashion tips!
(this is post from Holly - a child actress with grown-up ghostwriters)
Garfield's Ad Review
(this is post from Holly - a child actress with grown-up ghostwriters)
Garfield's Ad Review
Sunday, July 23, 2006
Saturday, July 22, 2006
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