To state the obvious: EXPECT VOLATILITY WITH FREQUENT CHANGES OF HEART UNTIL D.C. SETTLES ON A BUDGET. INCLUDED ARE STOCKS, BONDS, FOREX, ENERGY AND PRECIOUS METALS. GRAINS ARE WORRIED ABOUT THE WEATHER. For details, see my Tweedledeedum and Tweedledeedee blog. The folks running this site won't allow me to post
Nobody likes to pay taxes -- unless the alternative is having no income. Nobody wants to pay more taxes rather than less. However, try not to be taken in by simplistic arguments that purport to show less taxes generate more taxes because lower taxes generate more growth. More growth, it
Corn looks like it wants to be done with this correction, beans is insisting they are done but wheat still hasn't got down to $7 and still looks like it wants to go there. For my remarks on the markets at large, go to http://tweedledeedumtweedledeedee.blogspot.com/
The other day I wrote with some irritation about the Republicans who were more than happy to help Geo. W. Bush push the country deep into red ink by being the only administration EVER to both start not one but two wars while reducing taxes on the richest 5% of
December corn was up better than 60¢ on the week, as reality returned to the market place. Unsurprisingly, the trend-following funds expanded their longs going into this week, and likely expanded them more this week. One might reasonably expect a couple of down days next week, but nothing very serious.
The first four or five paragraphs of this piece express my view of the Republican Party of the 60s and 70s, back when I was one and helped to elect a Republican governor and a state representative or two. Whatever the party has become, it isn't anything like those paragraphs.
Let’s see… George W. Bush was the only president in history to start a war, two wars in fact, while lowering taxes. The tax cuts for corporations and the wealthiest have reduced the government’s income by some $2.5 Trillion. The wars have spent another $3 Trillion and an estimated $1.5
China announced a "record summer harvest" for wheat. The wheat market wasn't impressed and continued its "anti-bearish" price gain. I'm officially "Not A Bear" on wheat. I'm looking for a buying opportunity in corn; today's action turned me from "thinking bullishly" to being ready to buy when opportunity presents itself.
Asia and Europe spent the night selling the grains. The lows were around 5AM CDT, and were more than 20¢ below yesterday's Chicago close. This morning saw opening prices that were above most of the night action, and it was a "You can pay me now, or you can pay