- Shopping Bag ( 0 items )
Want a NOOK? Explore Now
"For anybody wanting to evaluate the weather exposure of commodity, fixed income, and equity portfolios, Extreme Weather and Financial Markets is a must-read. Investors, plan sponsors, and analysts will find valuable advice in this well-written and accessible book."
—Peter Lindner, Financial Sector Expert, Monetary and Capital Markets Department, International Monetary Fund
"Combine a global financial crisis with increasingly crazy weather and you get, well, a perfect storm. Lawrence Oxley explains how climate change will produce a series of commodity supply shocks, and how to profit from them using modern financial instruments and strategies. A worthy addition to a reader's 'crisis investing' book collection."
—John Rubino, author, Clean Money: Picking Winners in the Green-Tech Boom, and coauthor, The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
"In this era of heightened risk awareness, Lawrence Oxley correctly points out the consequences of extreme weather shocks and then identifies ways to profit from them."
—Vikram Kuriyan, Professor and Director, Investment Centre, Indian School of Business
"As more and more people examine the implications for changing weather patterns in their everyday life, Extreme Weather and Financial Markets is a must-read for any investor. Lawrence has written this book in an easily understandable fashion for the novice or average investor as well as more sophisticated investors."
—Dan Mulvey, Asset Management Executive, former CIO, ASB Capital Management
"Lawrence Oxley clearly explains how the commodity markets work and how extreme weather affects them. He then very simply details how anyone, regardless of investing experience, can use this information to profit in the financial market."
—John F. McLaughlin, Vice President, Francis Metals, Inc.
Acknowledgments xiii
CHAPTER 1 Commodities and Their Current Stories 1
Jackpot Commodities 5
Neutral Commodities 26
Big Problem Commodities 37
Other Limited Opportunity Commodities 40
CHAPTER 2 Where to Invest: Stocks, Bonds, or Futures? 41
CHAPTER 3 Global Climate Shock Number One: Excess Snow and Ice 51
Salt 51
Snow Blowers 53
CHAPTER 4 Global Climate Shock Number Two: Flooding Mines 55
Metallurgical ("Met") Coal 56
Iron Ore 59
Copper 62
Silver 64
Aluminum 66
Nickel 68
Platinum 71
Palladium 75
Rare Earth Elements 78
Potash 80
Mining Equipment Makers 82
CHAPTER 5 Global Climate Shock Number Three: Farmland Droughts, Floods, and Frost 87
Sugar 88
Coffee 89
Cotton 90
Cocoa 91
Corn 92
Soybeans 93
Wheat 93
Oranges 94
Tying Together All of the Agricultural Commodities 95
Fertilizers 103
Seeds and Agricultural Chemicals 105
Farmland Equipment Makers 108
CHAPTER 6 Global Climate Shock Number Four: Hurricanes and Tornadoes 111
Independent Natural Gas Producers 111
Oil 117
Remaining Stocks to Benefit in Widespread Hurricanes 119
CHAPTER 7 Global Climate Shock Number Five: Drought-Induced Timberland Fires 123
CHAPTER 8 Real-Life Examples: Execution, Results, and Timing 125
Hurricane Katrina Example 125
Floods in Eastern Australia Example 128
Russian Drought Example 130
Blizzards in Northeastern United States Example 132
Cocoa Bean Supply Shock in Early 2011 133
A Word on Corn 135
The Rules of Extreme Weather–Based Investing 136
CHAPTER 9 Playing Both Sides of the Coin 145
Met Coal Example 147
Iron Ore Example 148
Copper Example 149
Farmland Droughts/Floods Example 149
Additional Pair Trades 150
CHAPTER 10 Basic Principles of Commodity Investing 155
Basic Supply and Demand 156
Understanding the Mathematics of Stock Prices and Cycles 157
Secular Rotation 160
Fundamental Rules to Live by with Commodity Investing 160
CHAPTER 11 Opportunities in the Bond Market 165
Opportunities in the Municipal Bond Market 178
CHAPTER 12 Opportunities in the Foreign Currency Exchange Market 181
Canadian Dollar 183
Australian Dollar 186
Other Commodity Currencies 187
CHAPTER 13 Basic Principles of Futures Market Investing 191
Exchange-Traded Funds 197
Final Thoughts 199
About the Author 201
Index 203
Vitale
Posted September 14, 2011
Got the opportunity to read and highly recommend!
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Overview
"For anybody wanting to evaluate the weather exposure of commodity, fixed income, and equity portfolios, Extreme Weather and Financial Markets is a must-read. Investors, plan sponsors, and analysts will find valuable advice in this well-written and accessible book."
—Peter Lindner, Financial Sector Expert, Monetary and Capital Markets Department, International Monetary Fund
"Combine a global financial crisis with increasingly ...