Coal Demand and Prices Surge… As Do U.S. Coal Exports!

By David Middleton – Re-Blogged From http://www.WattsUpWithThat.com

Coal_Price_Soars

Coal prices are on the rise again. With benchmark rates in Australia up over 30 percent since July — approaching the $100/t mark that prevailed in November 2016 after a massive run-up last year.

And a number of events the past week show that things could get even more heated in coal over the coming months.

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China’s Economic Reforms Get Another Chance

Re-Blogged From https://worldview.stratfor.com

Editor’s Note

The 19th Chinese Communist Party Congress runs Oct. 18-24. The convention marks the start of a transition as delegates name new members to lead China’s most powerful political institutions. But the change in personnel is only part of a larger transformation underway in the Party and in the country — a process that began long before the party congress kicked off and will continue long after it ends. This is the third installment in a four-part series examining how far China has come in its transition, and how far it has yet to go.

For years, China has tried to better balance the wealth in Qingdao and other coastal areas with inland areas that have languished.

(STR/AFP/Getty Images)

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Stalling Engines: The Outlook for U.S. Economic Growth

By John P Hussman – Re-Blogged From Hussman Funds

Imagine driving a car moving down the road at 20 miles an hour. You hold a rope out the window. At the other end of that rope is a skateboard. If the skateboard is behind the car, yanking the rope pulls the skateboard forward, so the skateboard might temporarily speed ahead until it gets way ahead of the car and the rope tightens again. At that point, yanking the rope will pull the skateboard back, so even while the car continues down the road at 20 miles an hour, the skateboard actually loses ground for a while. Over the long-term, the car and the skateboard move ahead at the same speed, but the speed of the skateboard over shorter horizons depends on its position relative to the underlying trend.

The same proposition applies to the trajectory of numerous economic and financial variables. We have to be attentive to at least two things: 1) the central tendency of growth in underlying fundamentals, and 2) our current position, relative to that central tendency. The difference between the two is what separates longer-term growth from cyclical fluctuations.

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A Little Perspective On The Post-Election Gold Market

By Michael Kosares – Re-Blogged From http://www.Gold-Eagle.com

Most of gold’s downside is geared not to the financial decisions of millions of investors around the globe, as the mainstream media would have you believe, but rather to linear computer algorithms geared to the dollar index.  The trading part of the software has been told to automatically place trades at certain correlated price levels and that is why we get these waterfall drops.  The rocket launch trajectories to the upside come when the trading function is told to buy and cover the previous shorts.

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Elimination of GMO Crops Would Cause Hike in Greenhouse Gas Emissions

By Anthony Watts – Re-Blogged From http://www.WattsUpWithThat.com

From PURDUE UNIVERSITY and the “better living through genetics” department comes this press release that is sure to setup an impossible quandary in the minds of some anti-GMO zealots who also happen to be climate proponents…

Planting GMO crops is an effective way for agriculture to lower its carbon footprint.

Model predicts elimination of GMO crops would cause hike in greenhouse gas emissions

WEST LAFAYETTE, Ind. – A global ban on genetically modified crops would raise food prices and add the equivalent of nearly a billion tons of carbon dioxide to the atmosphere, a study by researchers from Purdue University shows.

Using a model to assess the economic and environmental value of GMO crops, agricultural economists found that replacing GMO corn, soybeans and cotton with conventionally bred varieties worldwide would cause a 0.27 to 2.2 percent increase in food costs, depending on the region, with poorer countries hit hardest. According to the study, published Oct. 27 in the Journal of Environmental Protection, a ban on GMOs would also trigger negative environmental consequences: The conversion of pastures and forests to cropland – to compensate for conventional crops’ lower productivity – would release substantial amounts of stored carbon to the atmosphere.

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The Ugliest Economic Data I’ve Ever Seen (Part 2)

By Andrew Hoffman – Re-Blogged From http://www.Gold-Eagle.com

It’s Thursday morning – and there are nearly a dozen “PM bullish, everything-else-bearish” headlines worthy of distinct articles.  Such as…

1. This shocking, and hilarious, segment of the John Oliver show, depicting how subprime auto lending has officially reached the destructive lunacy of the 2007-08 subprime mortgage market. Not to mention, subprime student lending, as a whopping 37% of the $1+ trillion, government-underwritten student loan “market” is now delinquent.

2. Obamacare is literally on the brink of collapse, with insurers losing $2 billion in 2015 alone, and pulling out of the program en masse

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Central Banks “All In” Attempting To Halt The Looming Global Recession

By Gordon T Long – Re-Blogged From http://www.Gold-Eagle.com

Central Bankers Fighting An Unprecedented Global Slowdown  

The mainstream news sources seem determined to ignore the extent of the global slowdown in trade. Whether exports, imports, industrial production or whatever your preferred metric, the facts are undeniable. Nevertheless, the mainstream media chooses to refuse to cover it. It begs an obvious question of – why?

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