background preloader

Commodities Crash 2014

Facebook Twitter

Le rouble s'effondre, et atteint un plus bas inédit. Le rebond a été furtif.

Le rouble s'effondre, et atteint un plus bas inédit

Après une très légère hausse en début de journée, le rouble s’est effondré de 20 %, mardi 16 décembre, atteignant de nouveaux records de faiblesse face au dollar (80 roubles pour un dollar) et à l’euro (100 roubles pour un euro). L’effet qu’était censée procurer sur la monnaie russe la très forte hausse des taux (de 10,5 % à 17 %), annoncée dans la nuit de lundi à mardi, par la Banque centrale russe n’aura donc été que de très courte durée. Cette dégringolade persistante du rouble ravive le souvenir de 1998 chez les Russes, quand l’effondrement du rouble, en quelques jours, avait conduit à un défaut de la Russie sur sa dette. Elle survient aussi quelques jours avant l’intervention (jeudi) devant des centaines de journalistes russes et étrangers, du président russe, Vladimir Poutine. Jamais depuis son arrivée au pouvoir en 2000, ce dernier n’a été confronté à une telle situation. 1/ Quelle est l’ampleur de la chute du rouble et pourquoi est-il toujours en recul ?

Les raisons de la dégringolade des Bourses mondiales. Le Monde.fr | • Mis à jour le | Par Audrey Tonnelier Rien ne semble pouvoir arrêter la chute des marchés.

Les raisons de la dégringolade des Bourses mondiales

Les grandes Bourses mondiales étaient toutes orientées à la baisse, mardi 16 décembre au matin, dans un rare mouvement d’ensemble. Commodity price crash causing Australian economy to 'unwind' Posted Australian shares and the dollar have been caught in the global commodity rout after OPEC decided last week against cutting oil production.

Commodity price crash causing Australian economy to 'unwind'

The silent crash in commodities—a warning sign—commentary. While the plunging prices of oil, natural gas and gasoline are making headlines every day, thanks to the benefits accruing to consumers of energy products, the message of the commodity markets, in many ways, is hardly a reassuring one when it comes to the outlook for global economic growth.

The silent crash in commodities—a warning sign—commentary

Read MoreCommodities: The selloff may carry on into 2015 Basic materials prices for the likes of copper, nickel, iron ore, and other industrial commodities, have collapsed, both in advance of, and now coincident with, weakening economies from Madrid to Moscow and from Berlin to Beijing. This is not good news for the global economy. 403 - FORBIDDEN.

There are a few common causes for this error code including problems with the individual script that may be executed upon request.

403 - FORBIDDEN

Some of these are easier to spot and correct than others. File and Directory Ownership The server you are on runs applications in a very specific way in most cases. The server generally expects files and directories be owned by your specific user cPanel user. The Daily Reckoning Australia You Won’t Find Financial Market News Here... Just Important Investment Ideas. Challenges and opportunities for Australia over the next decade. Introduction.

Challenges and opportunities for Australia over the next decade

After the resources investment boom: seamless transition or dog days? Introduction Australia’s resources investment boom is a topic familiar to us all.

After the resources investment boom: seamless transition or dog days?

Looking ahead: challenges and opportunities for Australia. Check against delivery*** Introduction.

Looking ahead: challenges and opportunities for Australia

OPEC Presents QE4 and Deflation. Commodities / Crude OilNov 29, 2014 - 01:10 PM GMT By: Raul_I_Meijer Thinking plummeting oil prices are good for the economy is a mistake.

OPEC Presents QE4 and Deflation

They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy, point out how bad the global economy is doing. Oil wars as GFC 2.0. Today we return to the loneliest man in Davos from Oliver Wyman who predicted in early 2011 that the next GFC will spring from a commodities crash in 2015: During phase 1 we distinguish between two sources of demand affecting commodities prices: demand for use in the production of other goods (“real” demand) and demand for the purpose of price speculation (“speculative” demand).

Oil wars as GFC 2.0

There are three major groups of players in our scenario. Firstly, there are economies, such as Latin America, Africa, Russia, Canada and Australia, which are the largest commodities producers. Will the iron ore crash destroy house prices? The commodity crash: Prices plunge across the board from sugar to gold. By Hugo Duncan for the Daily Mail Published: 00:38 GMT, 5 November 2014 | Updated: 11:11 GMT, 5 November 2014. Why global commodity prices are crashing and what it means for India. When commodity prices spiked in 2007-08, it took most people by surprise.

The global commodity “super cycle” had crept up upon us stealthily. This month commodity markets have been jolted again. Energy, metals, bullion and agricultural commodities have all hit multi-year lows. Only this time, there is a method to the madness. The large investments in mining and refineries made since the 2008 boom are now coming on stream, which has brought global demand and supply finally close to equilibrium.

Shale is changing oil dynamics Crude oil prices have defied the price trend you would expect given the geopolitical tensions in the Middle East, Africa, and Central Europe because of slowing demand and well supplied markets. China won't rescue us from a commodities crash - The Drum. Now is not a good time for the housing construction boom to end. Budget deficit blamed on terms of trade – but is it the whole story? When Joe Hockey releases the mid-year economic and fiscal outlook (Myefo) some time later this month, it is expected to show a drastic fall in taxation revenue and an increase in the budget deficit, as research by Deloitte Access Economics released today shows.

These changes will be driven largely by falls in iron ore and other commodity prices, but there are many aspects in the economy that can affect the budget’s bottom line. The parliamentary budget office (PBO) last week released a report showing how the budget is susceptible to falls not just in the terms of trade, but also labour productivity and participation. As a big exporting nation, our budget somewhat lives or dies by our high terms of trade. When export prices boom, all other things being equal the government will receive higher tax revenue.

The big improvement comes from higher company tax revenue due to mining companies making higher profits: During the 1990s such growth was taken for granted.