Jake Berzon's blog
Currently $US is plumbing the lows of the up-trending channel it has carved out for itself over the past 3 years. vs. a basket of currencies (the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc) tracked by the Deutsche Bank Long US Dollar Futures Index. Cycles have been getting progressively shorter, so it looks like the next leg up should take three to six months, in which time the $US should appreciate as much as 20%.
Yesterday, I called Fidelity Investments with what I thought was going to be a simple request: to sell a bond from my taxable portfolio and concurrently buy it back into my IRA account. You would think that such a transaction would be a nobrainer for the mighty giant that Fidelity is. The answer I got was simply mind boggling.
Let me start this short note with a little theorem that I offer without a proof. For the most part and under steady state economic conditions: 1)Short-term commodity prices (within a span of a several months) are driven by expectations of supply and demand for that commodity. 2) Mid-term commodity prices are driven by the actual supply and demand for that commodity and to some extent inflationary expectations. 3) Long-term commodity prices (several years or more) are for the most part a function of inflation.
Today's blog entry was going to be about soft commodities - that's the ones you can chew. Unfortunately, it will have to be about drunk driving, instead. But don't you worry, it's nothing really horrific, every human will live through the end of the story and, of course, I wasn't the one driving drunk.
On Tuesday evening of this past week I had to go to a joint Farm Services Agency (FSA) and Natural Resources Conservation Service (NRCS) informational meeting on Conservation Reserve Program (CRP) in Eads, CO. Lena and Sofae came with me. To make the trip a bit more enjoyable, we stopped to see several little-known roadside attractions on the way there and back.
Here are the most memorable of them, along with the photos, which I posted in my Facebook albums. (Make sure to read the captions, as this more or less narrates the story, making it that much more fun.)
I can't believe it is that time of the year again - garlic harvest time. That means summer is 2/3 over already. On the positive side, it means that we are probably done with 100+ degree days - we have had way too many of them this year already anyway. In any case, I took this picture of the last of this year's garlic harvest picked from my garden in Bennett, CO. It aint much, but it sure smells good and beats going all the way to Gilroy, CA!
I am really looking forward to my three day trip to Minneapolis coming up in a little more than two weeks. I picked up my Delta Airlines tickets on sale for only about $200 on the 17th. I thank Delta Airlines for acquiring Northwest Airlines in 2008, Southwest for lowering fares by adding the Denver - Minneapolis route in 2009, and Dmitry for tipping me off to the sale fares, when we last spoke.
Last Thursday morning, Murka, our barn cat brought us a litter of four kittens. Murka is tiger striped gray and the kittens are: one - pure black, one - pure white and two striped, like their mother, except that one of the striped one has white feet and the other one does not. The mother and the kittens are doing just fine. Here is a picture of the little ones I snapped on Monday.
Yesterday, I attended an awesome all day class, "Watchdog Journalism," at the Rocky Mountain PBS (Channel 6) in Denver, Colorado. It was sponsored by Rocky Mountain Investigative News Network and conducted by Investigative Reporters and Editors, Inc. (IRE), a grassroots nonprofit organization dedicated to improving the quality of investigative reporting. The cost was $50 and included a one year IRE membership, but a New America Media (NAM) deal with IRE waved my class fee entirely. The lineup of speakers was quite impressive; interesting attendees, too.