Monday, November 28, 2005

Sell Copper

Our Brave New World, Part Two : ""
China is massively short of copper, on the order of hundreds of thousands of tons. The exact amount it still subject to rumor. Why would China, who needs more and more copper each month, be so short?

Thursday, November 24, 2005



Sunday, November 20, 2005

China numbers

The Big Picture: China by the Numbers
China has about $1 trillion in personal savings and a savings rate of close to 50%. The U.S. has about $158 billion in personal savings and an average savings rate of only about 2%.

Saturday, November 19, 2005

Building trust

The need to build trust.
We are a culture in search of trust. The less we find it in business,in government and in personal interactions, the more important it becomes.

Thursday, November 17, 2005

The price of copper

Obscure Economic Indicator: The Price of Copper - The metal tells us almost everything we need to know about the global economy. By Daniel Gross
Gold, which is trading today for about $467 per ounce, is the glamour metal—as an investment, as a bauble, and as a contrary economic indicator. Gold rises when people fear instability and inflation. But workaday copper, which trades for about 12 cents per ounce, is another story. After iron and aluminum, it's the "world's third most widely used metal," as the New York Mercantile Exchange notes. (It wins the bronze medal for the most used metal.) And it's a great coincident indicator. As copper's fortunes go, so goes the world economy.

Monday, November 07, 2005

Mark Hulbert: How volatile is the stock market? - Financial - Financial Services - Markets/Exchanges - Market News

How volatile is the stock market?
The last time that volatility over the trailing month was higher than where it is today was the middle part of this past May. When measured over the trailing quarter, we need to go back to July to find volatility higher than today's.

That certainly qualifies the recent period as being "one of the choppiest in recent memory." But the beauty of statistics is that it allows us to go beyond the limits of our memories.

And, statistically speaking, the volatility we're experiencing right now is no greater than average, and may be is a lot less.

Cross point

The Dollar - It's Now or Never...
Technically, the dollar has now reached a major crossroads - it either breaks higher quickly, or else a serious decline is in prospect.

Sunday, November 06, 2005