Search completed
The sovereign debt debacle spotlight is back on Europe at the moment…but could it soon be heading to the land of the rising sun? Japan has quietly boasted astronomical borrowing needs as a percentage of GDP – so much so that the relative calm of Japanese interest rates has lulled many investors to sleep. Is […]
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 […]
Jack Crooks, one of the most successful currency investors of all-time, told DailyWealth’s Steve Sjuggerud that he believes the US Dollar will perform quite well over the next few years. We take a contrarian view. We’ll get nervous when everyone loves the dollar. In our view, since people still don’t like the dollar, there are a […]
Bernanke Fires Up the Printing Presses Earlier this week, Ben Bernanke announced the US Federal Reserve will buy up to $300 billion of US long-term Treasury securities over the next 3 months. Where will the Fed get that money? It will essentially create it out of thin air – also known as “printing money.” Surprisingly, […]
Grains and Softs Showing Some Signs With the stock market showing some signs of life this week, many of the agricultural markets followed suit. Corn put in a particularly strong week, driven by reports of strong export sales of the past couple of weeks, as well as strong equity and oil prices. Seasonally this is […]
Today, Bloomberg reported that the Japanese Yen dropped today against the dollar, euro, and Swiss franc as Japan posted its first trade deficit in 13 years. “The poor Japanese trade-deficit data are giving further fuel to the idea that Japan, or the yen, is no longer the safe haven as the country’s external position deteriorates,” […]
Why We’re Shorting the Yen Last Monday, we shorted the Japanese Yen. Longtime readers may be wondering what we’re smoking, as we’ve been playing the long side of the Yen (with relative success) on and off over the past couple of years. My thinking is that the carry trade has been completely unwound, and fundamentals […]
Recent Comments