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Many of us here have been anticipating a dollar rally that would kick off an explosive move to the upside for the buck. Perhaps a short term move, perhaps a more significant event that could bring another wave of deflation to the asset markets (hey, remember deflation?) I was reading Bob Prechter’s latest newsletter yesterday […]
Everyone hates the US Dollar – again. The Fed is openly signaling to the markets that it is not going to stand by the buck. The current headline article at Bloomberg.com pertains to New York Fed president William Dudley’s statements that inflation is too low, and unemployment is too high, for the Fed to stand […]
The old joke is that Japan’s Central Bank is so incompetent, it was unable to devalue its own currency during its Lost Decade (or Two), despite its best efforts. But that’s not stopping Japan’s finance ministry from giving its favorite pastime another go. The yen has hit a 15-year high against the dollar – which […]
Starting early this year, we had a short Euro position via the ETF EUO – and covered that when Euro sentiment reached pessimistic extremes. Since the Euro bottomed around 1.19 in early June, it rallied as high as 1.33 earlier this month. Was that enough to send the “Euro haters” packing? Judging by the charts […]
Standard & Poors just lowered its rating on Ireland (Source: Dow Jones): Standard & Poor’s Ratings Services trimmed its rating on Ireland, saying the projected fiscal cost to the Irish government of supporting the hard-hit financial sector has increased significantly above prior estimates. Ireland’s banks were stung by the property-market crash. They made big loans […]
Here’s my understanding of the Greece bailout plan that was passed today. It’s nearly $1 trillion. It should stabilize Greece for now – credit default swaps on Greek debt tumbled on the news – though from Greece’s perspective, it’s hard to see how this is anything more than “kicking the can down the road”, as […]
Flipping through the Wall Street Journal Online, there’s not much love for Europe or the Euro right now, as headlines read: EU Worries Push Stocks Lower Europe Contagion Infects Global Markets Turmoil Helps Push Euro to a 14-Month Low (For some further fun reading on being a WSJ contrarian, check out our fun piece on […]
We’ve written a lot about the outlook for the Euro and the Eurozone recently, and any way we slice it, it sure doesn’t look good! Perhaps fellow contrarians David Galland and Kevin Brekke can find a silver lining to these dark storm clouds? Read on to learn more… *** The Euro Is Screwed By Kevin […]
Three weeks ago, we discussed the possibility the the dollar was bottoming and poised for a major rally. My reasoning was that: Sentiment was overwhelmingly negative on the buck. I noticed that even traditional contrarian investment sources appeared to be piling on. When there’s nobody left to sell, that’s usually a good sign that the […]
It’s pretty tough to find investors who are bullish on the US dollar these days. Judging from our dollar sentiment survey results last week, it seems like most dollar bulls probably read this blog! When I consider: Not a day goes by without an investment newsletter popping into my email Inbox that highlights the dollar’s […]
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