May we all remember her courage and tenacity.
Saturday, August 16, 2008
May we all remember her courage and tenacity.
Friday, August 15, 2008
Here's a revelation:
That's because they only choose examples for their products that are picture perfect! Would you expect them to choose pictures and examples of when their product or systems failed? That doesn't meet marketing objectives very well! But traders keep being suckers for these myriad systems that really don't work.
Most of the time, the financial markets, and futures in particular, aren't picture perfect. This is one reason why, after purchasing their expensive programs, most people consistently lose money. The futures markets don't really look like the picture perfect examples they provide. Those videos, books, tapes, coaching, etc. don't show an accurate picture of the futures markets because instead, they show a very selective picture of the futures markets. They are incomplete. They don't ever show the 99% of the time that the futures markets don't match their picture perfect examples.
US Dollar Index - 30 min
DJ AIG Commod Index - 120 min
Corn, Soybeans Plunge as Rising Dollar Cuts Commodity Allure
Thursday, August 14, 2008
We are only now beginning to see the effects of wholesale inflation on consumer inflation. This fall, we will begin to see significant price increases for food products at the grocery store, including 20% price increases from many major food manufacturers like Kraft, Sara Lee, Hormel, Kelloggs, General Mills, etc.
The Fed is betting on reduced demand for many products that contain commodities, in order to dampen prices. They are also betting that while prices have risen substantially over the past year, prices won't rise any more, thus bringing future inflation down. What does it say that the Fed must count on a poor economy and pain for consumers to reduce demand and control prices? And what does it say that the Fed intentionally creates inflation with the hope that we will soon forget it when prices stabilize -- at a much higher level? What cruel torture! And assuming that the economy rebounds, then what should we expect from inflation as demand increases again? The Fed will have to raise interest rates substantially to bring down inflation at that time. Thus, the Fed constantly perpetuates boom and bust cycles of inflation and high interest rates, alternately creating bubble, boom, and bust cycles. Again, what cruel torture!
Wednesday, August 13, 2008
Crude oil pushed more than $5 higher from Tuesday's lows before retracing back to the $116 area.
The daily chart (above) is showing more and more signs of a bottom and a consolidation. With lower prices, demand has begun to increase again, and that's why inventories dropped unexpectedly over the past week. We're buying more gasoline at these prices, folks!
A goal unset... is a goal unmet!
Tell me how can Russia claim it is simply protecting citizens in Ossetia when it carries out attacks throughout the entire country of Georgia, with a vastly inferior military? And how could Russia have just suddenly had such a huge invasion force conveniently ready and waiting just over the border that was several times larger than the peacekeeping force the UN authorized for them in Ossetia? The Russians have been fomenting rebellion in the region with the intent of provoking a rebellion that the Georgian government would be forced to respond to. They were intentionally baiting the hook and provoking a necessary response from Georgia's elected officials!
Others have suggested that the Russians are only doing what Europe and the United States did in Kosovo. One big difference between Kosovo and Ossetia that the Russians prefer that the world ignore in their faulty comparison: Europe and the United States never helped the Kosovars achieve independence as a land grab for themselves. Furthermore, Europe and the United States never colonized Kosovo with their own citizens so as to dilute the local population, as the Russians did in South Ossetia. Europe and the U.S. had nothing personally to gain, and a lot to lose. The Kosovars were victims of constant, repeated, and systemic attempts to eliminate their very existence. The Ossetians have never been such victims. They were citizens of Georgia in revolt from their own government. There is NO moral equivalency! In Ossetia, the Russians seek to annex Ossetia into adjacent Russia, a blatant land grab. That alone speaks to motive. Ossetia will live to regret the day they pined to be part of the new Russian dictatorship. The twin KGB Kings — Putin and Medvedev — will make sure of that!
Tuesday, August 12, 2008
Russian Attacks Continue on Georgia Despite Russian President's Calls to Halt
Monday, August 11, 2008
I am paying close attention to the conflict, however, because now that Russia has escalated the conflict throughout Georgia, if Russia imposes itself militarily upon all of Georgia, as it now appears they will, and takes control of the Georgian oil pipeline in the south, Europe will be licking the hands of the Russians for decades to come. They will be paying a very costly crude oil tax to Russia. This can only mean more costly oil. We must keep in mind that this oil pipeline to Europe passes through Georgia, but has its origins in some of Russia's other breakaway former states that were once part of the USSR. Is Russia seeking to impose itself as a global military power once again, now that its pockets are lined with oil-derived gold? Will the conflict spread to Ukraine, where the Russian fleet has a port, if the President of Ukraine fulfills his threat to close the port to the Russians? The world has become a more dangerous place in the past few days. I'm just not sure we realize it yet!
May I suggest that in a time like this, the place for the U.S. President to be -- is here at home?! It strikes me as somewhat of a "let them eat cake" attitude for him to be partying in Beijing with the enemy while serious conflict breaks out in the world. Couldn't he leave Kissinger and former President Bush there to shake hands with athletes and hobnob with world leaders? If matters should get worse and this conflict suddenly escalated to a broader or (heaven forbid) global scale, could he even get back home? Would they let him even leave if things worsened? The United States would be faced with not only a global national security crisis, but a Constitutional one, also.
Sunday, August 10, 2008