Pot Meets Kettle
Late Friday the Treasury Department released its semi-annual report on global exchange rates or as I like to call it, the semi-annual report on why all other countries on planet earth should let their currencies rise against the UD Dollar. Or maybe the semi-annual report on how easy monetary policy by other countries’ central banks .. read more
Conspiracy Theories & Other Random Thoughts
I’m traveling again and so this will run shorter than normal. This trip is a combination business trip and vacation so my wife Fay is along and we’re visiting my home town of Aiken, SC this weekend. I’ve promised to take her to the polo matches this afternoon so I’m on a tight deadline. We’ve .. read more
Weekly Economic & Market Review
Stocks continued their relentless advance last week and while I remain skeptical of the rally, I must admit its persistence has been impressive. All good things must come to an end though as the bond market demonstrated in fairly dramatic fashion just last week. Long term bonds (as measured by the IShares 20+ year Treasury .. read more
Weekly Economic & Market Review
Does anyone know what exactly, if anything, was accomplished in Europe last week? Angela Merkel proclaimed the agreement a “breakthrough to the stability union…using the crisis as an opportunity for a renewal.” I suppose that is possible but the devil is in the details which were conspicuous mainly by their absence in the agreement announced .. read more
Weekly Economic & Market Review
Well I stepped out the tub Put my feet on the floor I wrapped my towel around me And I opened up the door and then Splish Splash I jumped back in the bath well how was I to know there was a party goin’ on? Bobby Darin That must be how the bears felt .. read more
Weekly Economic & Market Review
It was another week of relatively positive economic data but it did nothing to help a market focused exclusively on the political power game playing out in Europe. Stocks fell roughly 5% globally in a holiday shortened week as the Euro continued its recent decline. The rise in the dollar weighed on commodities and despite .. read more
Weekly Economic & Market Review
Last week’s data continued the recent trend of better than expected reports on the US economy. Unfortunately, the investing world chose to focus on the latest blip in Italian and Spanish bond yields and equity markets turned in their worst week since September. The S&P 500 fell 3.81% on the week, while Europe and Emerging .. read more
Weekly Economic & Market Review
What would you think if you surfed over to the home page of the Wall Street Journal tomorrow and saw this headline: Malaysian Recession Threatens US Economic Expansion How about this one? Oman Facing Depression – World Economy At Risk Or this one? Ghana Prime Minister Resigns, US Investors Await Formation of New Government Or .. read more
