Global View

In the world as a whole, the big auto story has been the continued advance of manufacturers from China and India. In China, the cheap-money policy of the People’s Bank of China has helped fuel a continued boom in automobile purchases

Despite the good returns this year and the positive outlook for the asset class, investors continue to battle against the high cost of carry in commodity investments.This is a critical issue, as negative carry in near-dated commodity investments makes market timing a lot more relevant.

Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar.