Dear Fellow Expat: This morning’s CPI reading didn’t surprise anyone except for Paul Krugman. The embarrassing (but never embarrassed) economist has said over the last few months that inflation is falling. The same message goes for sycophants who are: Protecting their political asses. Doing all they can to deflect from the inflation they caused by […]Lithium
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The Green Tragedy… and Red Momentum
Dear Fellow Expat: This morning’s CPI reading didn’t surprise anyone except for Paul Krugman. The embarrassing (but never embarrassed) economist has said over the last few months that inflation is falling. The same message goes for sycophants who are: Protecting their political asses. Doing all they can to deflect from the inflation they caused by […]The Earnings and Events to Watch the Week of July 31
postcards from the florida republic: An independent and profitable state of mind. At the pub this week, we got word of two Florida fishermen who caught a small shark. But… As they pulled the first catch of the day closer to the boat, a jealous thief decided to swoop in and snatch the prize… The […]Childish Hacks Have Their Thumb on the Scale, but This Sector Will Soar Anyway
postcards from the florida republic: An independent and profitable state of mind. "Calvinball" was a game in Calvin and Hobbes, a famous daily comic strip about a young boy and his “come-to-life” stuffed tiger. Calvinball had one rule: The game can’t be played the same way twice. Young Calvin lacked the patience for games with strict rules […]This Isn't Hard: Buy Metals... Lots of 'Em... Everything You Can Get Your Hands On
postcards from the florida republic An independent and profitable state of mind. When a government man with a big ego starts blathering on about "Agenda 2030" and the state of fossil fuels… …you need to understand the endgame. The United Nations has targeted oil and gas – despite all the fuels’ benefits I touted yesterday. […]This commodity giant pays $6.84 (in cash) for every share you own
Inflation – and its implications – have been the story of the market in 2022… and with good reason.Even after the Federal Reserve aggressively increased the fed funds rate from 0.08% in February to 2.56% in September, inflation is still running hot.
Question of the Week: Readers Respond to Money Morning's Afghanistan Mineral Wealth Query
The news that there is $1 trillion of Afghanistan mineral wealth hiding in the country's scarred and deserted landscape has global investors calculating how likely it would be for this incredibly poor country to transform itself into a natural-resources powerhouse.
It has also spawned debates about which nations should be given a piece of this vast apparent fortune.
The discovery - and its transformational potential - is mind-boggling: At $1 trillion, the estimated value of the mineral reserves is 100 times the size of Afghanistan's entire economy, estimated at $12 billion. And it's not just the dollar figures that could bring about change. Much of Afghanistan's economic activities involve drug-trafficking and terrorism. About 40% of the country's population lives below the poverty line, and 70% lives on $2 a day.
It has also spawned debates about which nations should be given a piece of this vast apparent fortune.
The discovery - and its transformational potential - is mind-boggling: At $1 trillion, the estimated value of the mineral reserves is 100 times the size of Afghanistan's entire economy, estimated at $12 billion. And it's not just the dollar figures that could bring about change. Much of Afghanistan's economic activities involve drug-trafficking and terrorism. About 40% of the country's population lives below the poverty line, and 70% lives on $2 a day.
We Want to Hear From You: Is Afghanistan's Mineral Wealth a Blessing or a Curse?
The news that there is $1 trillion of Afghanistan mineral wealth hiding in the country's scarred and deserted landscape has global investors calculating how likely it would be for this incredibly poor country to transform itself into a major global exporter.
It has also spawned debates about which nations should be given a piece of this potential fortune.
At $1 trillion, the estimated value of the mineral reserves is 100 times the size of Afghanistan's $12 billion economy. And it's not just the dollar figures that could bring about change. Much of Afghanistan's economic activities involve drug trafficking and terrorism. About 40% of the country's population lives below the poverty line, and 70% lives on $2 a day.
It has also spawned debates about which nations should be given a piece of this potential fortune.
At $1 trillion, the estimated value of the mineral reserves is 100 times the size of Afghanistan's $12 billion economy. And it's not just the dollar figures that could bring about change. Much of Afghanistan's economic activities involve drug trafficking and terrorism. About 40% of the country's population lives below the poverty line, and 70% lives on $2 a day.
Will Afghanistan's Mineral Wealth Bring the Nation's Rebirth or a Commodities Curse?
Overnight, Afghanistan has gone from being a political pariah to one of the most significant, and potentially richest, countries on the globe. But can the rocky, war-torn desert - known mostly for harboring terrorists and exporting opium - be reborn as a major commodities exporter?
U.S. geologists have found some $1 trillion of untapped mineral deposits in Afghanistan, The New York Times reported Sunday. Afghanistan's mineral wealth includes large caches of iron, copper, gold and lithium that could turn the country into one of the most important mining centers in the world.
Think of Australia, Canada, and Latin America. That is the league into which these geographical revelations have thrust Afghanistan.
"There is stunning potential here," General David Petraeus, commander of the United States Central Command, told The Times. "There are a lot of ifs, of course, but I think potentially it is hugely significant."
Those "ifs" include ongoing warfare, a lack of infrastructure, and more than a little political corruption. But the upside for the country is enormous.
While U.S. officials estimate the potential value of Afghanistan's mineral wealth at $1 trillion, President Hamid Karzai said last month during a visit to Washington that his country's deposits could be worth three times as much.
So why did it take so long for this information to surface?
U.S. geologists have found some $1 trillion of untapped mineral deposits in Afghanistan, The New York Times reported Sunday. Afghanistan's mineral wealth includes large caches of iron, copper, gold and lithium that could turn the country into one of the most important mining centers in the world.
Think of Australia, Canada, and Latin America. That is the league into which these geographical revelations have thrust Afghanistan.
"There is stunning potential here," General David Petraeus, commander of the United States Central Command, told The Times. "There are a lot of ifs, of course, but I think potentially it is hugely significant."
Those "ifs" include ongoing warfare, a lack of infrastructure, and more than a little political corruption. But the upside for the country is enormous.
While U.S. officials estimate the potential value of Afghanistan's mineral wealth at $1 trillion, President Hamid Karzai said last month during a visit to Washington that his country's deposits could be worth three times as much.
So why did it take so long for this information to surface?
The Technology That Will Replace 148 Billion Barrels of Oil
Not many investors noticed in September 2008 when Warren Buffet took a 10% stake in Hong Kong-based battery maker BYD Co. Ltd. for $230 million. They should be noticing now. Shares in BYD, which also makes cell phones and automobiles, have quintupled in a little more than 12 months, meaning that Buffet's investment is now […]