Wednesday, August 31, 2016

Brexit's Effect On Bacon Prices

The first rule of bacon ecology: everything is connected.
From Quartz:

A Chinese buying spree is jacking up the price of British bacon—and it’s all thanks to Brexit


Britons are learning the hard way that actions
have consequences—and those consequences are jeopardizing their beloved
relationship to bacon.



Two realities of post-Brexit Britain are taking a
toll on the price of British

Evans-Pritchard: ...the central pillar of global order is in danger of collapse...

I truncated the original headline because it seemed too narrowly focused.
From the Telegraph, Aug. 30:

Trade wars: Why the central pillar of global order is in danger of collapse as TTIP disintegrates 




The Transatlantic pact intended
to unite Europe and North America in a vast free trade zone is close to
collapse after France called for a complete suspension of talks,
accusing the US of

Ag Futures: Today the Bears Switch the Brunt of Selling Onto Soybeans, Cotton




Last
Chg


Corn
315-4-0-2


Soybeans
944-0-6-6


Wheat
392-4+0-2


From Agrimoney:


Soybeans seem to have taken over as the price target for ag market bulls.



Not even a $1.8bn
purchase order of the oilseed could prevent November soybean futures falling in
early deals in Chicago, coming close to a four-month low.



A delegation of
Chinese soybean buyers overnight signed agreements to

Tuesday, August 30, 2016

Yield Search: Park Your Money In Parking Lots

What hath Fed wrought.

I know the business can be profitable. In New York/New Jersey the Gottesman clan has parlayed their parking lot biz into four or five billion and in Britain Donald Gosling scored a knighthood and lends his yacht to the Queen (no freebie for Charles however, we noted in 2008 that Sir Donald charged HRH for a charter)
Still however, it is not the easiest business to be

"Twin Major Hurricanes Menace Hawaii; Little Change to Atlantic's TD 8 and TD 9"

Well this looks rather evil.
We don't do much with the Pacific hurricanes because we come to all this from the insurance/reinsurance angle but from time to time we try to point out extraordinary phenomena. Last year's Patricia with 200 mph winds being an example.
Here's another.

From Wunderblog:

Powerful Hurricane Madeline
continues edging toward Hawaii’s Big Island, where a Hurricane Watch

"Oil Tumbles As Market Questions Whether An OPEC Production Freeze Is Even Remotely Possible?"


Front month October futures $46.53 down 0.45 after trading  up to $47.49.
From ZeroHedge:


Oil prices enjoyed a bump last week, thanks in part to a weakened dollar and some geopolitical tensions in the Persian Gulf. But a large factor in the recent rally has been the return of a possible OPEC production freeze, a subject that was last tossed around before the organization’s much-publicized, and

Vladimir Putin Arrested In Florida

From CBS12, West Palm Beach:

Vladimir Putin arrested at Publix



Vladimir Putin is facing trespassing charges.







 Vladimir Putin is facing trespassing and resist/obstruction charges for screaming at employees at Publix. Image Courtesy: PBSO.

Not Vladimir Putin, the President of Russia.  But Vladimir Putin of West Palm Beach. 

Police responded to a Publix supermarket in downtown West Palm