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The Saudis would prefer to see triple-digit oil here to stay, The Financial Times reports: Ali Naimi, the powerful Saudi oil minister, said the world’s largest oil producer aimed to “stabilize” oil prices slightly below the current level of $111 a barrel. “Our wish and hope is we can stabilise this oil price and keep it […]
Heading into Portugal’s big bond auction last Wednesday, I wrote that things were looking ominous for the PIIGS, as the Euro had broken down, and yields were breaking out. (And I was honored to have Minyanville feature the piece, too!) Portugal’s bond auction went off smoothly, which set off the CNBC cheerleaders. But did anything […]
Earlier this week, Chinese officials commented that they will continue to buy US Treasury bonds, because they have no other viable vehicles to park their cash. From the Financial Times: Luo Ping, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: “Except for US Treasuries, what can you hold?” he […]
Here’s a recent interview of Jim Rogers on FT.com (Financial Times) on November 17, 2008. It’s a four-part interview, with a total running time of about 16-17 minutes. Below are my notes from the interview. Part 1 – Global recession will be long and deep. He has not yet exited his US dollar positions, as […]
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