Good day. My beloved Cardinals are having a rough go of it lately. The injuries are piling up, and some sloppy play, which drives me crazy, has contributed. They finally got back to Busch Stadium last night, after an awful road trip, and found a way to win. So get that ship back on the right course!
[Read more...]What Happens When the World Economy “Goes Japan”
May 15, 2012 By Leave a Comment
The Dow sinking.
Gold sinking.
Oil sinking.
Copper sinking.
Yields sinking.
We struggled with this, Dear Reader. We meditated. We prayed. We drank heavily.
And finally…we overcame the rank desire to say: “We told you so!”
As you know, Martin Wolf, of The Financial Times, is the voice of The Economics Establishment. All that is great and good in the field — which isn’t very much — is given voice by Wolf. Then, it is acceptable for policymakers, Treasury ministers, and central bankers, not to mention the people you talk to at cocktail parties.
[Read more...]What Happens When the World Economy “Goes Japan”
May 15, 2012 By Leave a Comment
The Dow sinking.
Gold sinking.
Oil sinking.
Copper sinking.
Yields sinking.
We struggled with this, Dear Reader. We meditated. We prayed. We drank heavily.
And finally…we overcame the rank desire to say: “We told you so!”
As you know, Martin Wolf, of The Financial Times, is the voice of The Economics Establishment. All that is great and good in the field — which isn’t very much — is given voice by Wolf. Then, it is acceptable for policymakers, Treasury ministers, and central bankers, not to mention the people you talk to at cocktail parties.
[Read more...]Euro Continues to Drop
May 15, 2012 By Leave a Comment
Good day. We made it through another Monday without too much damage in the currency markets. You know things are getting pretty rough in the currency markets when we consider an average drop of just over 1% in the currencies “not too bad.” World Markets investors can’t say they weren’t warned we would see some tough times over the first half of the year (see more on this subject in the “Then there was this” section).
[Read more...]Euro Continues to Drop
May 15, 2012 By Leave a Comment
Good day. We made it through another Monday without too much damage in the currency markets. You know things are getting pretty rough in the currency markets when we consider an average drop of just over 1% in the currencies “not too bad.” World Markets investors can’t say they weren’t warned we would see some tough times over the first half of the year (see more on this subject in the “Then there was this” section).
[Read more...]
Talk of a Greek Exit Gets Louder
The dollar is moving onward and upward this morning, as the two-day calm in the currencies was lifted overnight, and the dollar is swinging its mighty hammer once again. The euro (EUR) has slipped to its lowest level since August 2010, and we all know that when the euro is taking its turn on the slippery slope, the rest of the currencies are following, and that’s true this morning.
[Read more...]