Commodity markets

10 signs the stock market may have bottomed

(Photo: Toru Hanai/Reuters) The following is a condensation of an analysis issued earlier this week by McLean and Partners of Calgary. It doesn’t necessarily reflect my own view of where the market has going. Personally, I have no strong opinion on the probable short term move of stocks, or interest rates, or commodities or particular economic or geographical sectors. Certainly there are any number of gloomier prognostications floating around, from John Mauldin to Richard Russell to Peter Gra...

House Ag Committee Chair Colin Peterson Disappointed at Failure to Pass Commodity Markets Transparency and Accountabilit...

House Agriculture Committee Chairman Collin C. Peterson of Minnesota released the following statement today regarding the floor vote on H.R. 6604, the Commodity Markets Transparency and Accountability Act of 2008: "With the support of more than 290 Members of Congress, including more than 75 Republicans, H.R. 6604 was well on its way to being passed over the two-thirds vote requirement, sending a clear signal that transparency and enforcement would return to the commodities and futures markets. ...

Canadian dollar falls to six-week low as oil price drops

The Canadian dollar fell to a six-week low as crude oil traded near a two-month low, increasing concern that weakening commodity prices are signalling slowing economic growth.

Cantwell Blocks Nominations Over Oil Trading Rules

Sen. Maria Cantwell, D-Wash., has blocked three nominations to the Commodity Futures Trading Commission, saying the agency has failed to regulate oil markets.

Video: Faber Says Fannie, Freddie Should Split Up, Not Get Aid

Investor Marc Faber, publisher of the Gloom, Boom & Doom Report, talks about the future of Fannie Mae and Freddie Mac, the global economy, and the outlook for stocks and commodities. Faber said Freddie Mac and Fannie Mae should close down their business or split into private companies and not get government aid. click for video 00:00 "The world is in recession already." 01:35 Earnings to "decelerate"; technology stocks 02:59 Need to close down or split Fannie, Freddie 05:11 Concerns about techno...

The GOP's hidden gas tax: $1 per gallon

My Senator, Norm Coleman, was sworn in on January 7, 2003, just before the start of the Iraq War, when the price of oil was $31.08 per barrel. On July 21, 2008 the price of oil had risen to $131.04 a barrel, $100 higher. That's an increase of 320% in five and a half years. My Congressman, John Kline, began his career in congress at the same time, and like Norm, he still serves. Nobody should blame any politician for normal market forces working on commodity prices. Most politicians rightly keep ...

Toronto stocks surge on TransAlta bid, resources

The Toronto Stock Exchange’s main index surged more than 1% higher on Monday, propelled by a takeover bid for TransAlta Corp., while resource issues climbed in tandem with commodity prices.

Secession: The Final Frontier

As a general matter, most Americans insist on placing their collective faith in "democracy" as the primary means to address the escalating problems of rising consumer and commodity prices, the value of the U.S. dollar on the edge of free-fall, a foreign policy based on aggressive imperialism, and the gradual erosion of the nation's infrastructure and natural resources. These are undoubtedly issues of great importance and concern. And yet, Americans seem to have either lost total faith in the ele...

Consumer Prices Surge Most Since ?82

U.S. consumer prices soared in June. The stagflationary mix of rising unemployment, strained financial markets and rising inflation, painting the Federal Reserve into a box. Consumer Price Index surged 1.1% in June, almost twice the rate in May, and far above the consensus expectations of Wall Street economists, who were looking for a 0.7% rise. It was the biggest monthly gain in the inflation indicator since June 1982. Year over year, the price index has risen 5%, the biggest 12 month jump sinc...

Oil and aluminium retreat from record highs

Oil and aluminium prices eased, having reached record levels last week, as commodity markets staged a broad-based retreat, under pressure from a recovery in the dollar