Money supply desanguinzation, political influences and and debt debacles are the forces driving world markets...BDI 2918, stable and rising after a lean summer...overall shipping rates are near their 10 year reported mean with bribery and "lost" cargo on the rise...US rail traffic also up with over 300000 cars out and 33 billion ton/miles of freight moving..this traffic and volume represents a 6% and 7% increase YoY respectively though still 5% off peak...the CRB is generally a good lead indicator (though liquid weighted) of freight rates and the CRB is strong at 493 with the 200 MA day in a linear uptrend since March..the DBA is showing a corresponding uptrend in the last few months...Copper in London this AM 7519 USD/tonne...up about 14% since the beginning of July...demand driven and strong...Minneapolis wheat was 750 cents a bushel this AM, spiking up on perceived scarcity...Oil 74.5 USD/can today..long is a no brainer here...Nat Gas still cheap with
supply/demand being the driver..the smart money is sniffing nat gas and it smells like huge future potential...Gold is 1257 USD on the spot...safe,strong and heaven hunting for now but driven by perceived safety, not physical need.....USD 82.11 in Dixieland, off about 8% since June...the S&P was 1100 this AM, range bound and flat since June...interestingly, US equities have lost their inverse relationship to the dollar of late...regardless, the big investment houses continue to pump equities neglecting the last 10 years of losses in a self fulfilling delusion of stupidity and clouded rhetoric, collecting fees in glass towers built by the money of people who worked and made something...{P.S, I just left Manhattan where I met with the big Bank and Trust companies best minds and their resulting projections...my fucking dog is capable of more original thinking than the "teams of experts" most people hand over their money over to}..it is no wonder people
would rather invest with the PE guys and independents...Bonds remain strong on low inflation and the perceived safety of debt obligation for the time being..If I were a bond guy, I would be sleeping with my gun under the pillow so I could pull the sell trigger when needed...when bonds sell off, it won't be pretty...Real Estate prices stateside continue to unspool to the bottom with unemployment and debt to wage realizations pulling the anchor down....many RE agents now driving 3 series BMWs, down from 7s....pigs...of note, Chinese RE continues strong despite Government tightening attempts as sheer demand continues to be the driver.....from the Emerald Palace, the Wizard of Oba says roads and bridges and 7 more layers of bureaucracy should solve our woes...I guess Oba and Congress feel that with enough asphalt, paperwork, Government jobs and debt laden entitlements some money should flow down to the masses and reelection chances will increase...so far
the money supply and the economy have not responded to the "print more money" policies but if we buy enough of our own paper, Keynesian theory will prevail....OK, I'll shake it out....Stateside, GDP is essentially negative...Banks want to lend but there are few borrowers ...Unemployment is still 20% plus in the shadows...Fed Reserve quantitative easing continues...RE and CRE are still unwinding...the lawmakers are pushing debt and the resulting inflation induced perceived wealth as policy....Overseas, China economy looks strong but tempered by the state...Europe has one strong economy, achtung, but more debt is hidden behind feigned language barriers and accounting irregularities, be careful...Norway is strong but socialized...India is growing "optimistically" as might be surmised by those that know them...India is difficult to analyze fiscally no matter how many people answer the phones over there...the productive and often resource based economies of
Australia, NZ, the South China Sea countries, some S America and China should remain strongest....Investing?...Hard assets, metals, oil, farms and food, lumber....remember, like water, investments are better the farther upstream you go....make something...that's it from the skunk works....I own gold, the miners, a nat gas well, EMR, STO, MSTR, NICE, AGU, the yuan and some dollars...and some other shit I can't remember....out,W
