Commodity Prices Sinking to 52-Year Low

Commodity prices are bracing for their worst month in 52 years as global demand continues to slide ... in commodity history," Eugen Weinberg, an analyst at Commerzbank AG in Frankfurt, told Bloomberg ... is struggling to produce and purchase. It also continues a steady, months-long decline of commodity [more...]

Date: 2008-11-03 15:05:56

Blog posts (15) | Videos (11)
 

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

By Pham-Duy Nguyen Jan. 1 (Bloomberg) — Commodity prices in 2008 plunged the most in five decades as demand for energy, ... , the slumping economy drove crude oil, gasoline, copper, corn, and wheat down from records in the first ... commodities to post gains. Gasoline futures declined to $1.0082 a gallon last year on the New York [more...]

Date: 2009-01-01 18:57:26

Why did Russian stock prices start to drop in May?

The RTS index of Russian stocks began to decline in mid-May: Russian RTS 07jan09 Source: Bloomberg investment tools. Oil prices (and broader commodity indices) wouldn't peak for weeks, the war with Georgia didn't start until August, and the Putin/Medvedev predation on corporate Russia had been obvious for years.  Why was May [more...]

Date: 2009-01-08 06:53:17

WSJ: Chinese Imports, Exports Continued to Fall in December

The Wall Street Journal issued a story that appeared to rely on a single source "a person familiar with the data said" and Bloomberg, ... to declining commodity prices. The monthly trade surplus fell to $39.0 billion. but is still within [more...]

Date: 2009-01-11 03:41:22

Jim Rogers: Commodities only unimpaired asset class

Bloomberg Nigel Stevenson and Brett Foley The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply ... seeing quotes from people like Rogers who continue to support commodities when the CRB is down 53 [more...]

Date: 2008-12-08 15:59:45

Lean Hog Prices Poised to Climb in 2009

Bloomberg reports that "In the worst year for commodities in at least five decades, hogs rose 6.6 percent, the second-biggest gains on the Reuters/Jefferies CRB Commodity Index, behind cocoa."The article quotes fund manager Mark Greenwood: “We’re going to have 3 to 4 percent less pigs next [more...]

Date: 2008-12-22 23:57:00

What Is Going on in Argentina

James Attwood and Drew Benson of Bloomberg: Bloomberg.com: Economy: Argentine Bonds, Stocks Sink as Takeover Fuels Default Concerns : Oct. 22 ( ... is undermining investor confidence that was already faltering as prices on the country's commodity ... for public trading, data compiled by pension funds show. The government's proposal to take control [more...]

Date: 2008-10-22 16:07:45

Investment Guru Jim Rogers Says Commodities are the ‘Place to Be’ Despite Their Decline

By Jason Simpkins Associate Editor Money Morning Commodity prices have plunged from the record highs they hit earlier this year, but in a recent interview with Bloomberg, investing guru Jim... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets [more...]

Date: 2008-12-08 05:30:05

Asian Stocks Fall as Manufacturing Declines; Woodside, JFE Drop

BLOOMBERG Dec. 2 (Bloomberg) -- Asian stocks tumbled, extending a global rout, as a deepening world recession drove down commodity prices and heightened concern company earnings will collapse as manufacturing shrinks. JFE [more...]

Date: 2008-12-02 04:03:30

Media Digest 1/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According the Reuters, December domestic cars sales were the worst month in years. Reuters writes that Toyota (TM) will cut plants. Reuters reports that Apple's (AAPL) Jobs tried to calm investors about his health. Reuters reports that China is making strategic use of commodity priced collapses. Reuters reports [more...]

Date: 2009-01-06 09:02:51

Media Digest 12/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, falling interest rates will not offset unemployment and falling prices to save to housing market ... in commodities is continuing. The Wall Street Journal writes that retailers took a big hit [more...]

Date: 2008-12-04 08:54:10

MortgageNewsClips: Restore TARP, Decline Accelerates, Soros, FN Jumps, Jim Rogers, Cool Chart, Not So Smart, Debt to GDP, What About Chase, POA Chart, Proposal, HPI Decline, Price of Gas, 3 more. Ira Has 3

Restore TARP to Its First Purpose - Peter Ackerman and John Vogelstein - … The market wants to understand ... —— bloomberg Rogers Says Dollar to Be `Devalued,’ Buys Commodities - By Ron Harui and Mike Schneider [more...]

Date: 2008-11-29 14:03:19

Marc Faber on base metals, shares, economy

Marc Faber joined Bloomberg in the studio to discuss his outlook for 2009, and to offer his views on favorable areas for investment in the year ahead ... commodities and metal mining shares imploded last year, while gold held up in price. As of today, Marc would rather buy a basket of oversold industrial commodities and related shares (Xstrata, BHP, [more...]

Date: 2009-01-08 18:47:00

Bloomberg Explores Causes of the Food Crisis

Bloomberg Explores Causes of the Food Crisis December 19th, 2008 at 4:01 pm | posted by Beth Adler ... of speculation in commodities markets, and of the possibility of fertilizer companies colluding to raise prices ... to their fields, leaving some unfarmed, and others producing smaller yields. When grain prices dropped [more...]

Date: 2008-12-19 21:01:04

In The News Today

Dear CIGAs, There is absolutely no question that the price of gold will reach $1200, $1650 and then continue onward to Alf’s numbers ... , according to the median forecast of 20 analysts, traders and investors surveyed by Bloomberg ... crisis since World War II. The metal was one of only four commodities to rise when the Reuters [more...]

Date: 2009-01-06 15:24:36

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