The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Warren Buffett is one of the world's most famous and successful investors. You have to take almost anything he says seriously. But his loathing for gold? That's another story.
The Berkshire Hathaway (BRKA) (BRKB) chairman and CEO MOREPaul R. La Monica - Jul 31, 2012 1:13 PM ET
Corn prices have soared more than 40% in recent weeks as the scorching, dry heat wreaks havoc on crops in the Midwest.
Prices went as high as $7.33 per bushel of corn on the Chicago Board of Trade Monday, not far from the record high of $7.9975 hit last June, amid worries about flood damage. Prices eased slightly Tuesday, as investors await the U.S. Department of Agriculture's updated forecast for harvest yields, which is due MOREHibah Yousuf - Jul 10, 2012 11:52 AM ET
Gold has enjoyed a mini-rally in the past few weeks even as other commodities have plunged on continued concerns about the health of the global economy.
Through Tuesday's close, gold was up 2% since mid-May. Meanwhile, prices of the far more useful copper were down 3%. Corn futures are down 4%. Other demand-sensitive commodities like oil and wheat have each fallen nearly 10%. And coffee is in decaf mode. Prices have MOREPaul R. La Monica - Jun 20, 2012 1:40 PM ET
What do you call emerging or developing markets once they stop emerging and developing and start to slow down like the rest of the world?
The latest figures from India, for example, are sobering. India's economy grew at a 5.3% annualized pace in the first quarter of 2012. While that's still much higher than places like the U.S., Europe and Japan, it's a big decline from the growth of 9.2% in MOREPaul R. La Monica - May 31, 2012 12:53 PM ET
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