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Trading Places

A switch has taken place. More than half of our imported goods used to come from the G-6 countries (Canada, France, Germany, Italy, Japan, the U.K.) Now, we import more from China, Mexico and Brazil. …

Cotton and Crocodiles

A Malaysian proverb tells us, “Don’t think there are no crocodiles because the water is calm.” Looking at cotton markets, perhaps we should remember the crocodiles. According to The …

Inflation Stories

Arrive at a supermarket at the same time everyday? Require cash instead of credit?  Stop making beer? Why? The answer to each question is INFLATION. We are told that the Fed is always worried abo…