The Great Debate

from Breakingviews:

Ivan Glasenberg may be mining’s last man standing

December 31, 2015

The author is a Reuters Breakingviews columnist. The opinions here are his own.

Ivan Glasenberg outlasted all his major peers after the multi-year boom in metals prices turned into a rout in 2013. The Glencore chief’s misjudgment of the market severely tried investors’ patience in 2015. Yet when the second wave of mining executive ousters comes, as it may soon, it’s likely Glasenberg will again be the last man standing.

from Breakingviews:

Why oil investors are so behind the curve

September 2, 2015

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Edward Hadas:

The oil price is just plain wrong

January 5, 2015

The price sign outside Costco in Westminster, Colorado, shows gas selling for $1.81.9 for the first time in years

The oil price is still too high, often too low and much too volatile. In other words, this is a market that doesn’t work well for anyone.

from Breakingviews:

Rob Cox: Fragility bigger worry than volatility

By Rob Cox
October 21, 2014

By Rob Cox

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. 

A shifting global economy brings Australia to a crossroads

November 29, 2013

Australia is no longer immune to the stagnation in the West. Despite a resilient housing market, Australia’s economy is slowing. With a worsening labor market, consumption is eroding, along with business confidence.

An agenda to boost Africa’s economy

August 30, 2013

A lot can happen in a year. This time last year, U.S. businesses and NGOs bemoaned the Obama administration’s perceived indifference to Africa. Now, they’re trying to find out how to catch the wave of interest. Major new initiatives, including Power Africa and Trade Africa, unveiled during President Obama’s first true trip to Africa this summer, as well as a reinvigorated push to renew the African Growth and Opportunity Act fully two years before it’s due to expire, have given U.S.-Africa watchers a lot to consider. But what — and when — is enough for U.S. policy in Africa? What more can be done in the year ahead? How do things really shake out for investors, civil society and Africans? Here are three additional areas the Administration should consider as it deepens its commitment to the continent:

Quantitative easing and the commodity markets

October 29, 2010

-The views expressed are the author’s own-

A warning by an International Energy Agency (IEA) analyst this week that quantitative easing (QE) risked inflating nominal commodity prices and derailing the recovery drew a withering response from Nobel Economics Laureate Paul Krugman, who labelled the unfortunate analyst the “worst economist in the world”.

Wanted: more commodity hedgers

September 13, 2010

For the last decade, investors such as pension and hedge funds have been the fastest-growing segment of commodity derivatives markets. The most successful banks and dealers have been those which marketed themselves most effectively to this new group of customers.

Roll losses swallow up commodity inflows

July 30, 2010

Total assets under management in commodity-tracking indices and exchange-traded products (ETPs) have stalled over the last nine months, as roll losses swallow up fresh money inflows.

from The Great Debate (Commentary):

Commodities should be short-term investments

July 28, 2010

Commodity indices and exchange-traded products (ETPs) should be regarded as short- to medium-term investments rather than long-term strategies, as a quick glance at performance over the last 10 years shows.