All Posts Tagged With: "Hugo Chavez"
Why Oil May Be Headed for $50
In 2000, investors thought the world was a “different” place. “You have to value Internet companies differently,” people would say. “Ignore the triple-digit P/E… That is an obsolete way to value a company.”
The Good News About $127 Oil
In Chicago, gas prices have now topped $4 a gallon. Americans all across the country are struggling to fill up the tank. Companies are even pitching in gas money to help their employees out.
Is Brazil ‘Investment Grade’ for Investor’s Money, Too?
Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded.
Iran Dumps Dollar for Oil Transactions
Iran has stopped trading in US dollars for oil, according to a top Iranian oil ministry official.
The official, Hojjatollah Ghanimifard, told Iranian state-run television today that “the dollar has totally been removed from Iran’s oil transactions,” and that the country has “agreed with all of our crude oil customers to do our transactions in non-dollar currencies.”
The dollar’s spending power, like it or not, is at the mercy of Iranian president President Mahmoud Ahmadinejad, says Addison Wiggan
Venezuela’s Economy is Booming
“Being rich is bad,” declares Venezuela’s president. But someone’s forgotten to tell his people. Because this place isn’t some dour socialist paradise… you can see the money everywhere!
Three Scenarios That Could Cause a Sudden Drop in the U.S. Dollar’s Value
Foreign countries drop their U.S. dollar reserves. We depend on foreign investment in our currency to bolster its value or, at least, to slow down its fall. When that thinly held balance changes, our dollar loses its spending power.
The Commodity Investor Q&A: Wednesday, April 23rd, 2008
A recent story in the Financial Times covered the possibility that Nigeria’s crude oil output could fall by a third in the next seven years. The problem is, Nigeria is one of the top five foreign oil suppliers to the U.S.
As Oil Prices Hit Another Record High
Venezuelan President Hugo Chavez said a few months ago that if the United States invades Iran, we could expect to see oil at $200 a barrel. With oil already approaching the $120 mark, we may get there even without invading Iran.
The Surprise Report That Set Off the Rally, IMF and Fedheads Both Seeing U.S. Recession, Amoss Unpacks Fed’s Newest Liquidity Scheme, and More!
Oil Touches Record Set Only Last Month… The Surprise Report That Set off the Rally…IMF, Fedheads Both Seeing U.S. Recession… And Guess Who Says It’s Already Started?…Amoss Unpacks Fed’s Newest Liquidity Scheme…Williams’s Hyper-inflationary “Armageddon” Outlook…New Commodity Boom: Thieves Get the Lead Out…Hugo vs. Homer: Clash of the Titans
Cristina Fernandez de Kirchner Alienates Farmers
Uh oh, what’s this? “Argentina may face worst unrest since the ’70s”, says a headline in the TIMES of London. Hmmm… we’re on a way to Argentina on Friday… to see our new grandson. The last thing we want is trouble.
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