Archive | economics

Lots of energy left in commodities

By Jade Hemeon – Commodities have been making big headlines lately. Tight supply and surging global demand fuelled by China and India are boosting the prices of a range of products from energy and metals to coffee and orange juice. The Commodity Research Bureau (CRB) Index is hitting heights not seen in 24 years, and […]

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A Whiff of Stagflation

By Paul Krugman – In the 1970’s soaring prices of oil and other commodities led to stagflation – a combination of high inflation and high unemployment, which left no good policy options. If the Fed cut interest rates to create jobs, it risked causing an inflationary spiral; if it raised interest rates to bring inflation […]

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China’s Neglected Half Stirs to Life

By Garth le Pere and Garth Shelton – (Business Day) — The modernisation and emergence of China as a global player is inextricably interwoven with the narrative on globalisation. Trade, investment, technology, capital market liberalisation, export-driven growth and flows of information all help to explain — and indeed, have been vital to — China’s dramatic […]

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About the Commodity Research Bureau (CRB)

Serving the Futures Industry Since 1934 It was 1933, the country was in the depth of the Depression, and the United States had just gone off the gold standard. At a value of $0.59 compared to the pre-devalued dollar, capital began flowing back into the country and trading activity in stocks, bonds, and commodity futures […]

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Commodity Prices Rise to 24-Year High as Demand Grows

Feb. 28 (Bloomberg) — Commodity prices surged to a 24-year high, extending a rally that began in late 2001, on signs of growing global demand for everything from energy to metals to crops. The Reuters-CRB index rose as much as 4.54, or 1.5 percent, to 304.77, the highest for the index since February 1981. The […]

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Brazil‘s 2004 trade surplus hits $33.696bn, all-time record

Brazil posted a trade surplus of $33.696 billion in 2004, an all-time record, the Development and Foreign Trade Ministry said Monday. Exports totaled $96.475 billion last year, while imports stood at $62.779 billion, also record figures. In December alone, the country ran a hefty trade surplus of $3.51 billion. This means Brazil had surpluses of […]

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Futures markets bullish in 2004

BEIJING, Jan. 6 — Chinese stock markets may be sluggish; but not its futures counterpart. Last year’s trade volume was close to 1.8 trillion US dollars, or 36 percent over 2003. Shanghai Aluminum contracts were the most favored among investors, due to China’s growing aluminum output and consumption levels. Nearly 14 million contracts were traded, […]

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Gulliver’s China and the Tao of 2004

By Edward C. Lanfranco – Beijing, China, Dec. 30 (UPI) — The Taoist symbol of a circle divided by a half black, half white, swirl representing yin-yang forces of dark and light aptly describes the situation in the People’s Republic of China during last year. China glittered on the world stage as a rising economic […]

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