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It might be time for us to grab a pint…and short one of our favorite whipping boys once again. The British Pound – the only currency that may actually be sicker than the US dollar (two turds circling the bowl really) – looks like it’s recent rally may be running out of steam. Grab a […]
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, […]
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 […]
If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers. In an interview with Bloomberg from this morning, Rogers said: “We’re going to have a currency crisis, probably this fall or the fall of 2010. It’s been building up for a […]
Seems like the same old theme – when the stock market gets slammed, so does crude oil. Crude oil closed the day below $49/barrel. (Chart source: BarChart.com) When crude is up on days like today, that’s when we’ll take a hard look at going long crude. The only bright spots today? Gold, Silver, US […]
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 […]
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 […]
Sugar is quietly staging an impressive rally off its October lows, when it briefly dipped below the 11-cent mark. Since then, we can see that sugar prices are clearly moving from the “lower left to the upper right,” recently hitting a 5-month high. Is it time to buy sugar? I think so. Fundamentally, there are […]
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