?Oh, how I despise the yen, let me count the ways.? I?m sure Shakespeare would have come up with a line of iambic pentameter similar to this if he were a foreign exchange trader. I firmly believe that a short position in the yen should be at the core of any hedged portfolio for the
The Treasury bond market has just suffered one of the most horrific selloffs in recent memory, taking the yield on ten year paper up from 1.38% to an eye popping 1.83% in weeks, a three month high. Yields have just risen by an amazing 38%. This has dragged the principal Treasury bond ETF (TLT) down
I have had an incredibly amazing first year with you John. The return you made for us is outstanding. After receiving one year of your education I got that feeling of being ahead of the market and especially of the Private Banking guys. What a nice feeling it is. I hope you will keep your
?The good news is that we have moved away from heart attack mode in the European Community,? said Gillian Tett, US managing editor of the Financial Times.
For the second time in four years, the Republican Party has blown a presidential election through the choice of a running mate. What little chance the GOP had in winning the election has gone up in smoke with the selection of Wisconsin congressman Paul Ryan to join the ticket. Think of him as a Sarah
Gold has clearly evolved into a call option on global quantitative easing. Don?t think of it just as the stuff your dentist puts in your teeth or the thing your girlfriends gets you to wrap around her finger anymore. I don?t think that the Federal Reserve will implement QE3 at its September 16-17 meeting, or
?Liquidity is not a financial term, it is a psychological term,? said former Federal Reserve governor Alan Greenspan.
If volatility and lack of direction in the equity market are driving you nuts these days, thank your lucky stars you?re not in the oil market. Only last night, a Japanese supertanker plowed into a US Navy destroyer, causing prices to spike. That?s assuming that you had time to notice while sifting through numerous, contradictory
During my recent trip to Europe, I made another startling discovery about the woeful state of America?s 19th century health care system. I needed to get refills on my prescription drugs when I was in Zermatt, so I stopped by the local pharmacy and placed an order. This was for three different a typical guy
?There will be much more printing of money because central bankers are willing to do that. This does solve problems, it postpones them so they can become larger,? said Mark Faber, publisher of the Gloom, Boom, and Doom Report.