Best Of The Best Share Discussion Threads

[049balt] 08/8/2010 10:37

Music to my ears!!

Sunday August 08 2010

BEER, chocolate, bread, butter, cheese and other food prices could rise by 10 per cent or more in supermarkets, as massive commodity volatility continues.

"A stream of major US household-food brands are all announcing price rises on products including cereals, cheese and meat," Trinity College economist Constantin Gurdgiev said.

"So as a result we can certainly expect the same to happen in Europe and in Ireland. If things continue, there will be double-digit price increases at the till. All we can say with any confidence is prices are going up and it's going to be long-term," he added.

Thursday's grain export ban in Russia, one of the world's largest exporters, added further to ongoing global food market vulnerability.

A repeat of the agflation that saw food prices rocket in 2007 can't be ruled out, according to Mr Gurdgiev.

"We have seen the largest monthly increase in wheat prices since 1969, with an increase of over 42 per cent in July alone. There have been increases of six to eight per cent each day since," he said.

Consumer food prices in Ireland are already the second-highest in the EU, after Denmark, and a whopping 29 per cent higher than the eurozone average, Eurostat figures show.

- Roisin Burke

Sunday Independent

[traderabc] 07/8/2010 11:30

What collapsing empire looks like
By Glenn Greenwald


As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and feed an endlessly growing Surveillance State, reports are emerging of the Deficit Commission hard at work planning how to cut Social Security, Medicare, and now even to freeze military pay. But a new New York Times article today illustrates as vividly as anything else what a collapsing empire looks like, as it profiles just a few of the budget cuts which cities around the country are being forced to make. This is a sampling of what one finds:

[traderabc] 06/8/2010 15:23

"Fed will print and print and print until the final crisis," says Marc Faber

[049balt] 06/8/2010 10:33

Russia on Thursday imposed a ban on grain exports and staples such as bread, flour and beer are set to rise as the price of wheat has risen to highs not seen since the 2007/08 global food crisis.

Vladimir Putin, Russian prime minister, announced the ban on all the country's grain exports on Thursday effective within 10 days, following the worst drought in at least 30 years, which has fanned wildfires across the country. Russia is the world's third biggest grower of wheat and the December delivery price rose 9.75 cents, or 7.9%, to close at $8.1525 a bushel Thursday on the Chicago Board of Trade, after advancing by the CBOT's 60-cent limit to $8.155, the highest level since August 2008. September futures rose the daily limit to $7.8575. The US wheat futures are up more than 80% since mid-June, the sharpest rally in nearly 40 years. Meanwhile, European wheat prices jumped more than 12% to €236 a tonne on record trading volumes.

Shares of big food companies fell Thursday and Russia's agriculture ministry's most recent forecast of 2010 production is at 70m-75m tonnes, down from an estimated 85m tonnes a fortnight ago. Last year, the harvest was 100m tonnes.

[traderabc] 05/8/2010 22:47

[KR66] Keiser Report – Markets! Finance! Zombies!
August 5th, 2010 by stacyherbert
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Stacy Summary: We talk about the walking zombies of the world's largest economies. We also talk to Captain Paul Watson about the economics of extinction and his Antarctic Whale Wars.

[traderabc] 02/8/2010 20:45

Monday, August 2, 2010
Jim Rogers Interview on Goldseek Radio 31 July 2010

Jim Rogers : Follow the money flow and you will be successful

[traderabc] 02/8/2010 20:45

Sunday, August 1, 2010
Jim Rogers : Short Equities long Commodities

Jim Rogers, CEO of Roger Holdings, on investing opportunities in gold, silver and agricultural commodities

[traderabc] 02/8/2010 20:40

Gold Dinar, Silver Dirham

[049balt] 30/7/2010 10:14

Wheat prices soar.

[traderabc] 29/7/2010 14:35

When Globalism Runs Its Course ...
The Year America Dissolved

Paul Craig Roberts
Jul 29, 2010



It was 2017. Clans were governing America.

The first clans organized around local police forces. The conservatives' war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.

As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police.

[traderabc] 29/7/2010 13:22

[KR64] Keiser Report – Markets! Finance! Movies!
July 29th, 2010 by stacyherbert
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Stacy Summary: We look at the latest scandals of the enemies of box-office futures, the octogenarian issuing threats and Goldman: the Movie, starring Divine? Or Tony Blair? In the second half of the show, Max talks to fund manager Michael Krieger about the dangers of a failed presidency.

[traderabc] 28/7/2010 13:37

Jim Rogers on CNBC 7/27/10 (Part 1 of 2): Stay Away From BP Shares!



Jim Rogers on CNBC 7/27/10 (Part 2 of 2): Looking at European Earnings

[traderabc] 28/7/2010 09:46

Agri-Food Thoughts
Submitted by Ned W Schmidt C... on Thu, 15 Jul 2010
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Last we talked was how pigs were being made into bacon in the markets for oats. Many at that time perhaps did not realize that both a cash and futures market existed for their oats. In that discussion we noted that a goodly reason the back of the bear run in oats was broken was too much rain in Canada. Weather, it seems, has a way of ignoring the forecasts of analysts and traders. Those lost oats, and other grains, in Canada, will indeed be made up, NEXT YEAR. Agri-Foods are not produced in factories.

[traderabc] 27/7/2010 18:12

Marc Faber: Relax, This Will Hurt A Lot



Tyler Durden
Zero Hedge
July 27, 2010

Marc Faber closed out this week's Agora Financial Symposium with a speech that pretty much recapitulated the view that the end of the world is if not nigh, then surely tremendous dislocations to the existing socio-political and economic landscape are about to take place (with some very dire consequences for the US). His conclusive remarks pretty much summarize his sentiment best: "We've had a trend for most of the past 200 years: GDP of countries like China and India went down while the West surged. That's now changed. Emerging economies will go up, and your children in the West will have a lower standard of living than you did. Absolutely. We won't sink to the bottom of the sea. But other countries will grow much faster than us. The world is very competitive, and the odds are stacked against us. Americans, with their inborn arrogance, will not let it go that easily, so there will be lots of tension going forward." While long-time fans of Faber will not be surprised by the gloom and doom (not much boom) here, anyone else who still holds a glimmer of hope that at the end of the day the CNBC spin may be right, is advised to steer clear of Faber's most recent thoughts.

[traderabc] 27/7/2010 18:12

"most central banks should resign," Rogers said.



Another Recession Due Circa 2012: Jim Rogers



CNBC.com
July 27, 2010

A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.

India's central bank raised its interest rate Tuesday, joining other monetary authorities such as the Canadian and Norwegian central banks in hiking rates to stem inflation.

"We do have inflation in the world... most central banks should resign," Rogers said.

There has always been a recession every four to six years in the US "since the beginning of time," and that would mean another one is due around 2012, according to Rogers, a hedge fund pioneer who started the Quantum Fund with George Soros in 1970.

[traderabc] 27/7/2010 13:51

[KR63] Keiser Report – Markets! Finance! Silver!
July 27th, 2010 by stacyherbert
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Stacy Summary: We look at the latest scandals of fetishes for black swans; American youth unconcerned by the coming collapse of their Social Security they bought and paid for; Tony Blair's 2007 photo op with Colonel Gaddafi and the farting camels of Tripoli. In the second half of the show, Max talks to Ned Naylor-Leyland of Cheviot Asset Management about the silver market.

[philw2009] 26/7/2010 16:06

Small director buy at 30p too, can't be bad for the final results. I emailed the director a while ago to ask if they had any plans to market the online side of the business more as I've never seen any advert or way or method of finding the website except at the airports. He replied and said they were looking into that at the moment. The statement does mention this:-

"The Directors believe the new platform will bring significant growth opportunities for the online business, and have very recently appointed a Head of Marketing to lead this development.
We have budgeted for a greater level of marketing resources, primarily to increase the levels of player acquisition through traditional online channels, as well as to improve the metrics related to retention, loyalty and increased lifetime value of our existing airport acquired players."

I'd be interested to know how much revenue is being generated online and the number of people playing every month as opposed to just players 'registered'.

[traderabc] 26/7/2010 15:04

The Death of Paper Money
As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974.

[traderabc] 26/7/2010 15:00

The Dollar Vigilante: Killing & Starving People is Hard. Don't Let Bloggers Tell You Otherwise.
Killing & Starving People is Hard. Don't Let Bloggers Tell You Otherwise.
In what had to be the most grotesque piece of sociopathic blather dispensed in recent memory, Kartik Athreya, a cog in the criminal Federal Reserve machine issued an essay recently entitled, "Economics is Hard. Don't Let Bloggers Tell You Otherwise." (see here: www.scribd.com/doc/33655771/Economics-is-Hard)


According to Athreya, economics is just too difficult for anyone who has not taken "a year of PhD coursework in a decent economics department."