commodity prices

The Lying Statistics Behind Globally Synchronized Growth, And What It Could Mean For The Globally Synchronized Downturn

By |2019-07-12T16:08:40-04:00July 12th, 2019|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Numbers really don’t tell us much all by themselves. Context always matters. That’s why 19th century British statesman Benjamin Disraeli claimed there are three kinds of lies; lies, damned lies, and statistics. Numbers employed in isolation are either misleading or useless. In the 20th century, Darrell Huff wrote in his classic How To Lie With [...]

Early Cycle Economic Indicators

By |2009-02-02T17:01:43-05:00February 2nd, 2009|Economy|

There is no argument about the current economic situation. We’re in a recession and it is fairly deep. Investing though is about the future, not the present or the past. Investors will want to keep their eye on indicators which can give early signals of recovery. A number of these early cycle indicators have recently turned positive. This morning, [...]

Making the SPR Pay

By |2008-09-12T03:18:40-04:00September 12th, 2008|Economy|

Steve Hanke has a long article at Cato explaining the link between the value of the dollar and the price of commodities. Although I don't much like his explanation, he concludes that the effect of the dollar is signficant. The discussion about the role of the dollar in determining commodity prices is not the part [...]

Commodities and the Dollar

By |2008-09-06T20:18:44-04:00September 6th, 2008|Economy|

Tim Iacono at The Mess that Greenspan Made is wondering about the relationship between the dollar and commodities: Time and again you hear things like, "In commodity markets today, a stronger dollar pushed oil and gold lower...", and everyone seems to accept that relationship as if it were somehow a law of nature. As if [...]