Posted by Jeflin on September 3, 2008
The US dollar, inspired largely by plunging oil prices and growing pessimism over the economic health of the EU and the U.K, is going gangbusters of late.
It traded at $1.4455 Wednesday, a seven-month high against the euro.
Coupled with the US government’s release of 250,000 barrels of oil… Read the full article here.
Posted in Banking, Business, Economy, Oil, Properties, Stocks | Tagged: banks, Business, commodities, Dollar, Economy, housing market, mortgages, Oil, Properties, speculators, Stocks | Leave a Comment »
Posted by Jeflin on August 28, 2008
Hurricane Gustav is set to bring cheers to the battered oil and commodities market as it heads towards the Gulf of Mexico. Oil prices briefly touched $119.63 per barrel on the New York Mercantile Exchange before falling back to $118.15 a barrel Wednesday.
What is the possible extent of damage from Hurricane Gustav?
Read the full article here.
Posted in Business, Economy, Inflation, Oil, Stocks | Tagged: commodities, commodity, Economy, Gulf of Mexico, Hurricane Gustav, Inflation, investment, investors, New York Mercantile Exchange, oil drilling, oil prices, oil traders | Leave a Comment »
Posted by Jeflin on July 10, 2008
The Singapore Mercantile Exchange (SMX), slated to begin operations in about nine months, will offer futures and options trading in Asian time zone on precious metals, base metals, energy, agricultural commodities, currency pairs, carbon credits and commodity indices.
Read the full article at http://jeflin.net
Posted in Oil, Singapore Mercantile Exchange | Tagged: agricultural commodities, Asia, base metals, carbon credits, commodities, commodity indices, currency pairs, energy, Hongkong, oil contracts, precious metals, Shanghai, Singapore Mercantile Exchange, SMX | Leave a Comment »
Posted by Jeflin on June 6, 2008
If you look at the Dow Jones yesterday, it seems like the sky has fallen.
Oil rises $10.75 to $138.54, jobless rates spike to 5.5% as compared to April’s 5% (biggest one-month surge in over 20 years), consumer debt jumps to $8.9 billion, AIG gets investigated by SEC while other blue-chips fell like nine-pins.
Read the full article at http://jeflin.net
Posted in Economy, Oil, Stocks | Tagged: AIG, commodities, depression, Dow Jones, Economy, greenback, Oil, recession, S&P 500, unemployment rate | 2 Comments »
Posted by Jeflin on May 28, 2008
In the last bull market, some financial analysts and economists debunked the existence of traditional business cycles.
The basic assumption was that the global economy is spurred by so many positive drivers that a steady, non-inflationary growth path is easily achievable.
Read the full article here.
Posted in Economy, Oil, Properties | Tagged: bear market, bull market, business cycles, commodities, depression, Economy, growth, real estate, recession | Leave a Comment »
