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Archive for July 7th, 2008

Accountability.

Posted in Global Economy, Politics, tagged , , , , , on July 7, 2008 | Leave a Comment »

This is just getting ridiculous:
“Freddie Mac, Fannie Mae Plunge on Capital Concerns.”
“Freddie Mac fell as much as 29 percent and Fannie Mae dropped as much as 26 percent, reaching their lowest price in 13 years, after Lehman Brothers Holdings Inc. analysts said in a report today that an accounting change may force them to [...]

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Good news on the commodity front

Posted in Commodities, Global Economy, News, tagged , , , on July 7, 2008 | Leave a Comment »

Finally some mercy in the hard/soft commodity market:

BRENT CRUDE FUTR:     $141.50     -2.02% 11:10 AM
NATURAL GAS FUTR:     $13.03       -4.05% 11:10 AM
CORN FUTURE:               $747.00     -3.86% 11:25 AM
SOY BEAN FUTURE:        $1561.00    -4.29% 11:29 AM
WHEAT FUTRURE:           $836.00      -5.77% 11:30AM

A couple of factors have spurred the pullback today, including some profit taking following speculation that Iran is going to be attacked. I think [...]

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