Stefan Karlsson Warns on Canada

He notes that signs of a Canadian housing bubble continue to strengthen.

Questions of the Day

Barack Obama has invited Captain Chesley B. “Sully” Sullenberger, the pilot who averted a disastrous crash when he safely landed the US Airways Airbus in the Hudson River last week. Obama has also invited all five members of the crew of Flight 1549.

But, why hasn't he invited anyone who warned about the crash of the economy? Such as Peter Schiff, Jim Rogers, Mark Thornton, Stefan Karlsson and yours truly. As a matter of fact, forget the inauguration, why aren't there any Austrian School economists on any of the many economic advisory groups surrounding Obama?

The six of us will survive the mess ahead, and so will most of the power elite, but what about the rest of the country?

Inflationary Price Action at Alcoa

Watch market prices, not indexes.

Stefan Karlsson reports on inflationary price action at Alcoa, here.

What's Behind The Oil Price Climb?

Stefan M.I. Karlsson provides a thorough analysis of the oil markets in a column at LRC, today. He explains what is causing the current spike in oil prices, including a great analysis of why speculators are not the cause of the current price spike in oil.

My only slight quibble with Karlsson is that he seems to put a bit more emphasis on new demand factors, then on the Federal Reserve's monetary policy, for the spike in oil. He certainly mentions the money supply factor, I just think it should have been emphasised a bit more, given the seeming across the board hikes in commodity prices--which, to me, is an indication of a strong monetary influence.

Karlsson's column is here:

http://www.lewrockwell.com/orig6/karlsson9.html