Tuesday, Aug 04, 2009
Rising commodity prices are bad news for the economy
MoneWeek: Surging commodity prices could crush this recovery
Everyone is cheering banking profits and banking bonuses. But the system that caused the financial crisis in the first place hasn’t changed. That’s why we’ll end up with another crash, says John Stepek – and this time commodity prices could be the culprit
Posted by damien @ 04:43 PM (535 views) Add Comment
6 Comments
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1. James said...
Everyone is not cheering bank profits.
They keep referring to governmnet owned bank profits, as the taxpayers money, but you and I will not get any of it.
They have f]cked up. And are now stealing our money.
Short of the entire country marching on parliament wielding pitchforks and burning branches, there is nothing that can be done.
And whats worse is, once they have got away with this, next time, it will be something worse.
We need to rethink the entire system.
Banks print money and create credit from thin air, to keep us enslaved for our entire lives.
In Sh1t jobs with mimum wage.
Personally Ive got nothing to lose by marching on parliament......
2. mr g said...
As usual, a sensible article from Money Week.
Based on this, get into oil lads!
3. mountain goat said...
Soft commodities I have been watching ignored most of this recent stocks rally, but in the past couple of days I have really noticed a bounce, since the dollar broke resistance.
4. mountain goat said...
sorry should have written dollar broke support
5. penbat1 said...
mountaingoat - I think Baring Global Agriculture fund is an excellent way to play soft commodities with emerging market exposure. Apart from being a long term commodity play, it may get a very nice spike thanks to El Nino in a few months time.
http://www.barings.com/ucm/groups/public/documents/fundfactsheet/033941.pdf
6. mountain goat said...
Thanks penbat1 - I appreciated seeing their top 10 holdings because I am wary of counterparty risk for the future (Barings in this case) so undecided whether to go for individual stocks instead of funds and ETFs.