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These are the types of days that must make Bernanke yearn for QE3. It’s all red on the screen, except for a few notable exceptions – namely gold, and the dollar. The dollar has turned around nicely since its late April lows, and has quietly traced out a set of “higher lows”. The buck (decline) […]
Sentiment on the dollar is in the tank – and we’ve got a pretty decent crisis on our hands in the Middle East. So you’d think with all the bad news already priced into the buck that this turmoil would be enough to send the dollar sprinting higher. Good guess…but thus far, an incorrect one! […]
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 […]
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 […]
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