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As the US dollar rallies furiously, it’s counterpart Down Under continues to get slammed. Are these currency moves getting a bit overdone? Chris Gaffney weighs in… Data Show US Economy is Improving by Chris Gaffney, EverBank Good day. The dollar continued to benefit from the troubles in Europe yesterday, adding to its weekly gains. The dollar […]
By Frank Trotter, President, EverBank Direct Friends who know that I speak frequently about global economics have been calling to see what I think about the smackdown arguments over spending in Washington. I have surprised them all by saying that it’s really an empty record. Well, I suppose there is some kind of odd entertainment […]
Mama said there’d be days like these…though you may have thought they were a thing of the past. With the DOW dropping 200 points on the day, and commodities down across the board, the “flight to safety” positions stood tall, just as they did during the darkest days of the Great Deleveraging of 2008. Yes, […]
Buy and hold. Stocks for the long run. Diversify. These investment mantras were gospel during the great bull market of the 80s and 90s. Drinking this Kool-Aid will get you slaughtered today. There is no freaking way I would “buy and hold” anything right now. Too dangerous. Buy and hold hasn’t worked over the past […]
Nice scoop on the Australian dollar from our favorite currency analyst, Everbank’s Chuck Butler: And under the heading of “dirty float”… The Reserve Bank of Australia (RBA) is reported to have sold the most A$’s in the month of May, since February 2004! Now, go back to May and recall the move in A$’s… The […]
Technically speaking…Australia is not yet in a recession. Australia’s GDP rose 0.4% in the 1st quarter of 2009 – a strong, strong performance turned in from the Land Down Under…especially as the other major economies in the world continue to circle the bowl. As long as China’s recovery continues – and that could be a […]
The rally in the Australian looks poised to continue, as their central bank left interest rates unchanged – which preserves the large yield premium the Aussie still enjoys over most other major currencies. Here’s the breakdown from legendary currency analyst Chuck Butler: Down Under… The Reserve Bank of Australia (RBA) left rates unchanged (good for […]
Take a minute to think about your view of human history, and our continued progression as a species. Do you believe human history is linear…always getting better…onward and upwards to a better existence? Is it chaotic…stuff happens, people react, then more stuff happens…but there’s no pattern to it? Or…is human history cyclical…with those who neglect […]
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 […]
The trend is our friend…and right now, the trend in the Australian dollar is up, up, and up. Source: Barchart.com A couple of weeks ago, we took note of the rally in the Aussie – and decided to initiate a position. Boy am I glad we did…since that time, the A$ has rallied nearly 4-cents, […]
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