Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Wednesday, September 12, 2007

News You Can Use for Wednesday

Sorry I didn't post yesterday, but I've been busy with issues and my new report on Agricultural opportunities. Here are some interesting headllines ...

China's Retail Sales Grow 17.1 Percent, Fastest Pace in More Than 3 Years China's retail sales grew at the fastest pace in more than three years, buoyed by higher prices and rising incomes in the world's fastest-growing major economy.

Oil Trades Near a Record on Concern OPEC Output Won't Keep Up With Demand Crude oil traded near a record in New York amid concern demand additional crude from OPEC members will arrive too late for peak demand in the Northern Hemisphere winter.

IEA Cuts 2008 Global Oil Demand Forecast on Concern U.S. Economy Will Slow The International Energy Agency, an adviser to 26 industrialized nations, cut its forecast for global oil demand on lower estimates for U.S. economic growth.

Dollar Falls to Record Low Against Euro on Rate Differential, Housing Data The dollar fell to a record low against the euro as investors bet the Federal Reserve will reduce its target interest rate, narrowing the gap between the U.S. and Europe.

Wheat Price Rises to Record $9 a Bushel as Stockpiles Approach 26-Year Low Wheat prices surpassed $9 a bushel for the first time as a drought in Australia cut production, pushing global stockpiles toward a 26-year low.

XX Sounds like a good time to check out my latest special report ...

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