When the Federal Reserve launched its unprecedented program of quantitative easing in early 2009, it was difficult to predict how various asset classes would react. Now, as the Fed considers a second round of asset purchases, the first program has left a blueprint of sorts behind that could be useful in predicting how markets might […]
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commodities
China’s plummeting real estate transactions could spell trouble for domestic steel and cement industries. The average number of real estate transaction in China’s 15 largest cities fell 75% on an annual basis according to the most weekly June release according to Goldman Sachs. On a ytd basis transactions have declined -29%. The Chinese government has […]
A potential record US harvest could help buoy rates for small to mid-size ship rates. What was a relatively mild and wet spring and summer has created conditions for what is setting up to be one of the nation’s biggest harvests. The U.S. Department of Agriculture is projecting a total corn crop of 12.954bn bushels, […]