From the minutes of the most recent meeting of the Federal Open Market Committee:
Author Archives: James_Hamilton
Commodity futures speculation
More on the possible contribution of index fund investment to recent commodity price moves.
House prices and inventory
More outstanding analysis from Calculated Risk.
Understanding crude oil prices
That’s the title of my latest research paper. Here’s the summary from the paper’s introduction.
Oil speculation
Several readers call our attention to testimony by Michael Masters, of
Masters Capital Management, before the Senate Committee on Homeland Security and Governmental Affairs, on the role that speculation has played in recent commodity price movements. Here is what I think Masters is missing.
Oil price fundamentals
I’ve been offering reasons for believing that the flow of funds into commodity investing has contributed to the recent oil price highs. Although I believe this speculation has gotten ahead of fundamentals in the last few months, there is no question in my mind that market fundamentals are the main reason for the broader 5-year move up in oil prices. Here I review those fundamental factors.
Charles Engel on the oil bubble
Charles Engel, Menzie’s colleague at the University of Wisconsin and my long-time personal friend, enters the world of blogging with some thoughts on whether we’re seeing a bubble in oil prices.
Oil bubble
How speculation may be contributing to the most recent moves in oil prices.
Making fuel out of air and sunshine
Plants do it. Why not you?