Archive for March 14th, 2011

Help Japan Earthquake And Tsunami Victims

My thoughts are with the earthquake and tsunami victims in Japan. If you would like to help, you can make a donation via. the International Federation of Red Cross and Red Crescent Societies (IFRC) web site.

CNBC: Niall Ferguson – History Does Not Repeat

“It’s quite striking how complex civilizations can fall apart really, really quickly… we seem at the moment, bombarded by shock events,” Niall Ferguson, Professor of History at Harvard University and author of ‘The Ascent of Money’ told CNBC on Western civilization.      

Video Of The Day – Fukushima I Nuclear Power Plant Reactor 3 explosion on March 14, 2011

Fukushima I Nuclear Power Plant Reactor 3 explosion on March 14, 2011.

Morning Reading – Monday, March 14, 2011

*** Bloomberg: Japan Battles Nuclear Meltdown as Millions Without Power, Water ***
*** Bloomberg: Japan Adds $183 Billion to Economy, Doubles Asset Purchases ***
*** The Big Picture: Japan’s Emergency Warning System Gave 30 Seconds Quake Warning ***
*** FT Alphaville: Super-catastrophe and super-banking risk ***
*** FT Alphaville: Greek debt: restructured ***
*** Newsweek: How to Get Gaddafi ***
*** JESSE’S CAFÉ AMÉRICAIN: Gold Daily and Silver Weekly Charts – In the Silver Pit No One Can Hear You Screaming ***
*** Kid Dynamite’s World: PSLV – Sprott Registers to Sell – Sold To You Sucka ***

Dry Bulk Weekly – March 14, 2011

Baltic dry index rose 16.0% last week; Capesize Index was up 32.5%; Panamax Index rose 7.5%; Supramax Index increased 4.2%; Handysize Index was up 3.7%.

Judging from increase in dry bulk rates and an end of raw materials stockpiling economic activity in China is accelerating after the holidays. Iron ore, steel and thermal coal prices down on increased stockpiles.

Rig Count Weekly – March 14, 2011

Number of crude oil drilling rigs rose for 26; Number of natural gas drilling rigs fell for 17.
On world scale number of oil & gas drilling rigs rose for 100 in February.


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