Now the summer days are dwindling down to a precious few. This morning, it is overcast and chilly here in central France. The leaves on the aspen and linden trees have turned yellow already; whenever the wind blows, they flutter to the ground as if they were trying to get away from something.
Pity the poor rich! Pity the poor! Pity us all!
Chris Weber: don’t bet your retirement on stocks right now DailyWealth
Porter Stansberry explains the forces behind the current rally The Daily Crux
America is running out of rope The Market Ticker
The world financial system’s Achilles’ heel The Daily Reckoning
Roubini on a U shaped recovery Naked Capitalism
Larry Flynt calls for a national strike The Huffington Post
Look for an X shaped recovery Real Clear Markets
The risk of double dip recession rising Financial Times
China is pressing Rio Tinto PLC (NYSE ADR: RTP) hard for a sharp reduction in the prices the company charges for its iron ore. But mining companies like Rio, who have had their bottom lines eviscerated by a slump in commodities prices, may have a hard time acquiescing.
The dollar fell to $1.42 per euro yesterday. Many believe it is the Achilles Heel of the entire world financial system – including Warren Buffett.
The price of water is starting to rise in a big way, at least in China. I’ve expected this for a few years.
The global markets are getting volatile. While Asian markets are dropping, a handful of American small caps are surging ahead. These three are leading the charge.
Check out this “megatrend”: 97% of global population growth over the next 40 years will occur in Asia, Africa, Latin America and the Caribbean, says the shiny new 2009 World Population Data Sheet. The headline data point was the total growth projection for the world population: 7 billion by 2011. That’s a 200 million extra people on this Earth in just two years.
Asia is poised to become the “new” Detroit.
As shares of Berhshire Hathaway Inc. (NYSE: BRK.A, BRK.B) plunged over the past year, it became fashionable to ask whether or not Warren Buffett had lost his touch.
