Untitled
June 13, 2008
Ethanol, Corn And Food Price Inflation Ethanol distillation margins are negative, but rising fuel prices give gasoline blenders pricing power to compete for increasingly scarce corn supplies.
Our Research
Sample Our Reports, Presentations, & Market Insights
Regulating Wall Street
June 11, 2008
Comment Making these lending facilities permanent could be viewed as setting up a “permanent easing bias.” This is worrisome unless the Federal Reserve slams the brokers with new regulation, as Michael Lewis explains in the next comment....
Untitled
June 6, 2008
Will Home Equity Loans Be The Next Stage In The Credit Crisis? At the heart of the credit crisis is the plunge in home prices. Even though many have proclaimed the crisis over, home prices have continued to plunge. As long as they do, the credit...
MBIA/Ambac, Why They Matter
June 6, 2008
The Economist – Buttonwood: Recovery? What recovery? The credit crunch looks far from overOf enduring concern are the monoline insurers, the institutions that agreed to guarantee some classes of debt against default. On June 4th Moody’s,...
Untitled
June 2, 2008
Overnight Index Swaps And LIBOR While short-term interest swaps may be moving from LIBOR to the overnight index swap market, spreads have narrowed, not widened, during this shift.
Untitled
May 30, 2008
Commitments of Traders Update/Analysis Statistics cover the CoT report for May 27, 2008. Further charts and comments include: Federal Fund Futures: Is This The OIS Trade? Crude Oil Futures: LOL, LMAO And YFKM. The Text- Message Market Canadian Dollar...
Two Views of Crude Oil Production, You Won’t Believe The Truth!
May 30, 2008
MarketBeat (WSJ Blog) – Mark Gongloff: Those Amazing Shrinking Oil ExportsAs crude oil slumps despite an Energy Department report of surprisingly weak inventory growth, it’s worth revisiting the must-read story today from Neil King about...
Gross And Greenspan – Viewing Their Relationship Through The...
May 22, 2008
Forbes – Can Gross Get His Groove Back? (May 2007) Will Alan Greenspan help the bond whiz behind Pacific Investment Management get his mojo back? Star manager Bill Gross probably hopes so. For years Gross’ power to move bond markets has...
Untitled
May 19, 2008
The Latest On The Credit Crunch And Commodity Speculation Audio Link of Conference Call A transcript of the May 15, 2008 conference call.
Untitled
May 16, 2008
Commodity Speculators And U.S. Refining Margins Changes in U.S. refining economics are independent of long-only commodity index funds’ activities.
Betting On Elections
May 14, 2008
MarketBeat (WSJ Blog) – Betting on Votes So-called “prediction” markets such as Intrade and Iowa Electronic Markets are, like the stock and every other market, only as reliable as the information they process. They generally do a...
Untitled
May 9, 2008
Who Are The Commodity Speculators? If “speculators” are driving commodities higher, then they are not done. The popularity of long-only funds and commodity ETFs is not waning. The buyers of these funds do not think they are part of the...