Exiting The Euro
Guest post from friend of Alhambra, Brian Cronin: “The union of these States is perpetual. No state, upon its own mere motion, can get out of the union. The central idea of secession is the essence of anarchy.” So said Abraham Lincoln in March of 1861. On the other hand: “to exercise self determination through .. read more
Margaret Thatcher: The Iron Lady
Guest post from friend of Alhambra, Brian Cronin: I emigrated to the US in 1983 and became an American citizen in 1987. It was the second best thing I ever did though it confounded some of my British friends. There cannot be too many American citizens who can say they voted for Margaret Thatcher but .. read more
Weekly Economic & Market Review
Over the last couple of months I’ve dedicated a good portion of these weekly commentaries to the various headwinds I see facing the global economy and markets. Everyone, it seems, knows what the risks are and I’m beginning to wonder if, being so well known, the actual events may prove less jarring to sentiment than .. read more
Inherit The Wind
Guest post from friend of Alhambra, Brian Cronin: In 1960, Stanley Kramer made a movie based on the 1925 Scopes trial which dealt with the age-old question of whether man came about by evolution or creation and whether evolution could be taught in Tennessee schools. It starred Spencer Tracy as Henry Drummond and Fredric March .. read more
A Closer Look: Currencies
Currency Exchange Rates The US Dollar is trending lower, as the Fed’s policy to keep interest rates low for the foreseeable future is continuing to wreck havoc on the dollar. The dollar may be worse if it were not for the monetary easing going on throughout the world. We seem to be the “tallest midget” .. read more
The Proud Pound
Guest post from friend of Alhambra, Brian Cronin: REFLECTIONS ON THE EURO AND THE “PROUD” POUND If you asked most Brits what they thought about the euro, their answers would likely be short and pithy, and none too flattering. This rather insular attitude has the faint whiff of disdain. It is new, it is foreign .. read more
A Closer Look: Currencies
The US Dollar looks poised to correct, as the index failed at its 50-day moving average. Inversely, the Euro bounved off its 50-day and is set to test the 200-day at the 136 level. The British Pound bounced off the 200-day MA on its way to establishing a new uptrend. The Japanese Yen continued its .. read more
Tactical Update
This week, one particular article sparked an intense internal dialogue about some of the global economic realities that have us concerned. The article is from Peking University’s Professor Michael Pettis. Prof. Pettis opines that Chinese citizens would rather save than spend and that Japan, who has recently run a current account deficit, would prefer to .. read more
