Category Archives: Commodities

Don Quijones: Why Are the Four Richest Men in Mexico Getting Crushed?

By Don Quijones, of Spain and Mexico. Originally published at Wolf Street Tough times for Mexico’s very richest. A couple of weeks ago, I reportedthat Carlos Slim, once the world’s richest man and the undisputed Big Boss of Slimlandia, as Mexico has come to be called, lost $7 billion in the first seven months of 2015. But […]

Read more...

Chinese Stock Market Rout Continues; Trading Halted in Over Half of Listed Stocks

The Chinese stock market meltdown is accelerating despite government intervention and is blowing back to commodities markets, including copper and oil, which are trading down based on concern that the stock market plunge is a harbinger of even more economic weakness. And the decline may represent the beginning of the end of the faith in China’s command and control economy.

Read more...

Oil Markets Could Be In For A Shock From China Soon

China’s oil consumption is a bigger part of global demand than most analysts acknowledge. A slowdown in buying after China stopped stockpiling diesel for the summer Olympics was a proximate cause of the 2008 oil bust. China is again in a stockpiling phase, which could precede another not-well-anticipated demand drop.

Read more...