Keep on keepin' on.
Supplier issues contribute to fall in US Leading Economic Index -- "The April LEI decline marks the first fall in the index since March 2009. Building permits, supplier deliveries, real money supply and weekly initial unemployment insurance claims were deemed to have made the largest negative contributions to the index this month."
Still slogging through the economic mud...
Ketchup is my favorite condiment.
Heinz pours on 9.7 pct rise in 4Q net income -- "Food maker H.J. Heinz Co. said Thursday that rising sales in emerging markets pushed its fourth-quarter net income up 9.7 percent. Cost-cutting and higher prices also helped offset rising ingredient prices."
Here's some evidence of procurement's contribution to margin in the face of commodity inflation...yet, ingredient price increases might continue.
DRC Copper Supplies at Risk -- "The Democratic Republic of Congo (DRC) appears intent on biting the hand that feeds it in regard to its relationship with the foreign mining companies to whom it has previously awarded extraction rights."
Despite a downward pressure on commodities, we should all remind ourselves that copper and other key base metals often come from unstable regions.
Talk about a supply driven market...
What recession? Mining equipment is sold out until next year -- "Metal prices have made spectacular rebounds since the start of the year on growing optimism about the world economy. It's not even midway through 2010 and Caterpillar (CAT, Fortune 500) has sold out of some of its largest mining vehicles because of rising commodity prices, and is now taking orders for 2011 delivery."
Hmmm. Whelp, let's hope equipment demands leads to expanded production and lower prices.
PS -- it's my birthday on Saturday
I'll take a bottle of scotch... neat, no rocks for me. Thanks 🙂