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By Monty Guild and Tony Danaher, on September 29th, 2003
There are many new developments taking place in the world of currencies, stock markets and metals as a result of the G-7 meeting which took place last weekend in Dubai, and other events, so we are writing this short note to keep you informed of our opinions.
Economics The US economic situation and the situation of the developed world are moving inexorably toward inflation. Running huge long-term trade and budget deficits eventually leads to a lack of confidence in the countries that run them, developed economies like the US and most European nations included. While I do not see . . .
Continue Reading: September 29, 2003
By Monty Guild and Tony Danaher, on September 5th, 2003
Here are a few new ideas and opinions. I hope this fall season finds you well and happy.
Energy I am not surprised by the strength in energy prices during this “shoulder season” when prices usually decline; the reasons are many and obvious. The most obvious is the failure of the U.S. reconstruction plan in Iraq to unfold the way the Administration’s PR said it would. It appears the cynics, myself included, were correct to doubt that progress would be quick and Iraqi oil would again flow. As we anticipated, sabotage has been one factor. The costs, both human . . .
Continue Reading: September 5, 2003
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