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Note: This article was also picked up by Seeking Alpha. I personally fear for what may happen to the dollar over the next several years – I don’t see any way these government bailouts will not result in an excessive printing of US dollars. Faced with this reality, I know that many people who share […]
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 […]
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
Full article Summary: We all know the yen carry trade – folks borrow “cheap” yen (paying unnaturally low interest rates), invest in higher yielding terrain (ie. Australian dollar) and leverage the shit out of it. This doesn’t work when the yen rises – as it is now. I had assumed that most of the carry […]
We have an even nicer opportunity to buy some Aussie dollars. From the Daily Pfennig’s Chuck Butler: The Bank of Canada (BOC) did leave rates unchanged yesterday, as expected… The Bank said that “against a backdrop of robust global economic expansion and strong commodity prices”, Canada’s “economy is now operating further above its production potential […]
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