Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!
[Read more...]Yen Weakens to 80!
February 22, 2012 By Leave a Comment
Well, the crazy things that have been going on with Japanese yen (JPY) finally seem to be unwinding… For anyone new to class, the Japanese yen has been one of the best-performing currencies the past couple of years, and not for strong fundamentals… The economy has been in a funk for over two decades, interest rates have been zero for so long now — I don’t remember when they weren’t zero — an aging population and government debt up to their eyeballs, but still the yen rallied…
[Read more...]Euro Reverses Slide in Short Squeeze
January 9, 2012 By Leave a Comment
The Jobs Jamboree on Friday proved to be a real boost for the economy and the dollar, which rallied on a “strong jobs number” for the first time in a month of Sundays. I highlight “strong jobs number” because, this is what this has come to… 200,000 jobs were created, so says the Bureau of Labor Statistics (BLS), in December, which is the strongest number of jobs created in another month of Sundays… The jobs reports have been so weak for so long now, that the media, and markets are all lathered up and calling this a “strong jobs number”… It’s stronger than previous ones, yes…
[Read more...]Spain Successfully Auctions Off €4.94 Billion
December 13, 2011 By Leave a Comment
Well… The stock jockeys used to talk about a Santa Rally… I don’t think they’ll get the chance to talk about that this year… Unless of course they are talking in the past tense! You see, the markets are really screwed up these days… Take gold, for instance… One would think that, with debt problems in the two largest economies in the world, investors would be flocking to gold… Unfortunately, though, the markets think like this… “We should flock to dollars and treasuries”… And that’s what I talked about last week when I said I finally figured out that, if investors are buying dollars, what do they need gold for?
[Read more...]France and Germany Agree to Increase in EFSF
October 19, 2011 By Leave a Comment
Front and center this morning… Spain may have seen a 2-notch credit rating drop yesterday, but it didn’t matter, as it was announced that France and Germany were ready to agree to a 2 trillion euro rescue fund… Now they’re talking about a rescue fund, and not just the 500 billion euros they had previously agreed to. And the markets went hog-wild over this announcement. The dollar rally was quickly reversed and the euro (EUR) was on its way to 1.39, where it sat this morning until a few minutes ago… The Eurozone leaders, thus raised the ante… Who’s going to call?
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Hedge Funds Bail On Euro Now
Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!
[Read more...]