I switched over to fiber optic broadband internet today. Twice as good at half the price. Two weeks ago, I bought a slate computer for my daughter. Asus one-upped the $3,000 one from Motion Computing with their $1,099 machine.
- Shilling Expecting Deflation as Supply Exceeds Demand
March 15 (Bloomberg) — Gary Shilling, president of A Gary Shilling & Co, discusses the Japanese earthquake’s economic effects, and the possibility of deflation in the U.S. Shilling speaks with Bloomberg’s Michael McKee and Sara Eisen on “Bloomberg On the Economy.”
Then it hit me: everything that’s going up is a commodity controlled by Glencore or is a raw material input that goes into Chinese Property …The Most Important Sector in the World.
- FACTBOX-Top global oil and commodities traders
(Reuters) – Independent trading houses such as Glencore are among the most active players in global energy and commodity markets but are not yet household names outside of the industry. . . . Vitol and Glencore were among dozens of firms accused of paying kickbacks to Iraq in 2005 by a commission that probed the United Nation’s Oil for Food programme. . . . Glencore has three main business groups – metals and minerals, energy and agricultural products. It holds large stakes in publicly listed firms such as Xstrata. - Glencore holds up to 80 pct LME lead stocks -sources
LONDON, April 26 (Reuters) – Commodity trader Glencore [GLEN.UL] has moved lead stocks to London Metal Exchange monitored warehouses to make evident the value of the holdings before its flotation, senior metal trading sources said. LME data shows that one entity controls between 50 and 80 percent of inventories. While the exchange does not release the identity of the holder, traders say it is Glencore. Market sources say Glencore may be moving metal to LME-monitored warehouses from private storage facilities ahead of its initial public offering (IPO) next month to better value its stocks of metals and improve transparency. - Glencore reveals bet on grain price rise
London (FT.com) — Glencore made a speculative bet on rising wheat and corn prices in the early stages of last summer’s Russian drought, the world’s largest commodity trader has revealed ahead of its initial public offering that will value the company at $60bn. As it bet on rising prices, senior traders at the Swiss-based company publicly urged Russia to impose a grain export ban. Moscow acted a few days later, triggering a grain rally. Glencore is the largest trader in Russian wheat, followed by US-based rivals Cargill and Bunge. - Stroud Says China Demand May Prevent Commodity Selloff: This video one is priceless.
This bigger than Enron. Bigger than the Hunt Brothers. Bigger than Drexel Burnham Lambert. Combined.