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Tom Dyson, one of my favorite investment writers/analysts, is also one of the very few lone soles left in the debt deflation / dollar bull camp (last one out, please turn out the lights!) Last week, Tom penned an article that I thought articulated the case for a near term dollar rally brilliantly – and […]
You know a top just HAS to be near! I know I’ve been early on this call – or wrong (same thing) – for a few months now. But this had to take the cake. There I was, tying the laces on my sneakers, getting ready to walk my dog Banjo on this crisp, cool […]
With the markets at a potential inflection point (an inflection point down, in my humble opinion), I thought it’d be fun and instructive to revisit a topic we’ve noodled on a bit lately. Does News Actually Drive the Financial Markets? It’s common knowledge that increasing earnings drive stock prices – with the only caveat being […]
From London’s The Independent comes the latest report of the dollar’s impending implosion – in an article fittingly titled The Demise of the Dollar. In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving […]
Common wisdom holds that depressions are inherently deflationary. The United States in the 1930’s. Japan in the 1990’s and 2000’s. Combine a depression with other deflationary factors going today in the US – demographics, deleveraging, falling asset prices, even productivity – and you’ve got some serious deflationary headwinds. (As a side note – I’ve warmed […]
If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers. In an interview with Bloomberg from this morning, Rogers said: “We’re going to have a currency crisis, probably this fall or the fall of 2010. It’s been building up for a […]
The dollar rally continues into the weekend, with two main drivers to thank: The belief that the Fed will raise rates later this year to combat inflation. The belief that the US economy will turn up soon, and the world will again look to the US as a place to invest. I don’t think either […]
Chuck Butler gives a fantastic rant on Bernanke’s recent tough talk in his morning column. Not much too add to Chuck’s commentary – nicely done Chuck! From a trading perspective – I’m trying to pare back all position sizes, and I still can’t seem to do it fast enough. Meats have taken a turn down […]
The dollar rally continues today, on the back of comments by a Fed Head mentioning inflation, and hinting at a potential rate increase in the cards. I’m filing this one in the category of “I’ll believe it when I see it”. Personally I wouldn’t mind seeing the rally continue, just sweetening the entry prices for […]
Over the weekend, Warren Buffet commented if he “landed from Mars today with a billion of Mars dollars, or whatever they call them on Mars, and I was thinking about where to put my money,” he wouldn’t put it all in the U.S. currency. Full article on Bloomberg
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