commodities
Dollar Sniffers- by Greg Strid
Crude oil futures swooned to a hair above $105 a barrel
before closing at $109.71 yesterday. At the same time,
the US dollar rallied and held most of its gains against
major currencies. (The greenback is trading at a seven-
month high against the euro and a two-year high versus
the British pound.)
As far as the US dollar’s rise [...]
On Speculation- by Greg Strid
Maybe, instead of letting all of the useless hot air
generated in Senate hearings on the evils of speculation
with regard to record high energy prices, it should be
harnessed to power Washington DC. This would be real
action that could actually drive down prices, whereas
pointing fat fingers at speculators only makes headlines
and does nothing to address the real [...]
Inflation: The New Wave- by Greg Strid
An inflationary wave is building around the globe and
it threatens living standards and political stability. Prices
for food, energy and industrial commodities have been
rising steadily for the past few years. (The soaring cost
of food has sparked riots in Bangladesh and China this
year.) There are two main components that are giving
life and breath to the steady rise [...]
Beware the Sinking Dollar
Watch out for the declining dollar, it means that your purchasing power will decrease and your cost of living will rise sooner than you think. As the stock market gains ground lost in the early August meltdown, the US dollar continues to sink against major world currencies. The price of gold, long used to hedge [...]
