Good Weather In Latin America And Coffee Peaks In May

Commodity Trader’s Almanac observes that coffee prices have a seasonal pattern of peaking in May. This weakness provides a seasonal tradable short opportunity in coffee futures in May. Being an agricultural crop, coffee is affected by the global production. Latin America – mostly Columbia and Brazil – is a major producer of coffee. If the weather there stays good…

Is Economy Closer To Max Employment?

Minneapolis Federal Reserve Bank President Narayana Kocherlakota is an inflation hawk, who thinks that the US economy is close to maximum employment. Kocherlakota said that, for him, the inflation rate is key to determining how close the Fed is to the maximum achievable level of employment or the minimum achievable level of unemployment. And the signals are…

Around The Net In Ten Posts – Wednesday, May 23, 2012

Here is what I am reading on Wednesday morning: Germany rules out common euro bonds (Financial Times) The world’s ‘New Tigers’ lie ready to pounce (Market Watch) Merkel Faces Hollande Pleas to Shed Taboos at Crisis Summit (Bloomberg) BOJ Shirakawa Says No Change to Powerful Easing Stance (The New York Times) Nick Clegg announces ‘massive’…