My Top 20 Lou Reed songs. A Hero. RIP

Remember Lou Reed. My Top 20:

1) Walk On The Wild Side
2) Venus In Furs
3) Perfect Day
4) Waiting For My Man
5) Sweet Jane (from Rock ‘n’ Roll Animal)
6) Caroline Says II
7) Legendary Hearts
8) Doing The Things We Want To
9) Dirty Boulevard
10) Street Hassle
11) Junior Dad (+ Metallica)
12) Rock ‘n’ Roll Heart
13) Kill Your Sons
14) Rock ‘n’ Roll
15) White Light White Heat
16) The Gun
17) Teach The Gifted Children
18) I Love You Suzanne
19) Heroin
20) Set The Twilight Reeling

Commodities Update

Oil is flat and looking at a weak short term trend sliding between $105-110/bbl Brent.

The short term palliative of a deal in Washington to temporarily address the debt ceiling and budget overcame the potential longer-term implications of reports of constructive dialogue between Iran and the global powers in Geneva which has the potential, given the US’ positive reaction, to see sanctions eased. Clearly there is a long way to go to get to something substantive and Iranian exports will not recover quickly but fall in Iranian’s exports has compensated for poor demand growth and strong US production growth.

Continue reading Commodities Update

The Debt Ceiling … And Why It Matters This Time

Our country is headed toward a ‘fiscal cliff.’ The bad news: We elected a guy whose campaign slogan was ‘Forward’ – Jay LenoSee my intervention on CNBC about the matter here: http://video.cnbc.com/gallery/?play=1&video=3000205718 and http://video.cnbc.com/gallery/?play=1&video=3000205434 and on the BBC here. Continue reading The Debt Ceiling … And Why It Matters This Time