Good day. Another busy day on the desk yesterday, as the increased volatility in the currency markets had the phones ringing. Many of the clients calling the desk were worried about the recent drop in the currencies and metals. Some want to bail out, while others are seeing the fall in prices as a good buying opportunity.
[Read more...]British Pound Sterling Losses “Safe-Haven” Status
May 16, 2012 By Leave a Comment
Good day. Another busy day on the desk yesterday, as the increased volatility in the currency markets had the phones ringing. Many of the clients calling the desk were worried about the recent drop in the currencies and metals. Some want to bail out, while others are seeing the fall in prices as a good buying opportunity.
[Read more...]The “Corzine-Dimon Syndrome”
May 15, 2012 By Leave a Comment
On its best days, the American judicial process is a blindfolded Lady Justice — prosecuting the truly guilty and exonerating the truly innocent. On its worst days, it is a Water Wiggle — whirling around unpredictably, without any apparent connection to guilt, innocence, Constitutionality or the proportionality of alleged crimes to one another.
[Read more...]The “Corzine-Dimon Syndrome”
May 15, 2012 By Leave a Comment
On its best days, the American judicial process is a blindfolded Lady Justice — prosecuting the truly guilty and exonerating the truly innocent. On its worst days, it is a Water Wiggle — whirling around unpredictably, without any apparent connection to guilt, innocence, Constitutionality or the proportionality of alleged crimes to one another.
[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...]The Difference Between Market and Government Swindles
May 14, 2012 By Leave a Comment
What’s going on in the markets?
Well, a gloriously strong chávena de café at one of this city’s many colorful, street side vendors (not Starbucks) will set you back one Brazilian real, or around fifty cents. In other words, pretty cheap. A Caipirinha on the deck of what is surely the most unique hotel bar your editor has recently visited, however, will cost you the equivalent of maybe forty chávenas de café — about twenty dollars. Still, you pay for the view…and for the city skyline in the background.
[Read more...]The Difference Between Market and Government Swindles
May 14, 2012 By Leave a Comment
What’s going on in the markets?
Well, a gloriously strong chávena de café at one of this city’s many colorful, street side vendors (not Starbucks) will set you back one Brazilian real, or around fifty cents. In other words, pretty cheap. A Caipirinha on the deck of what is surely the most unique hotel bar your editor has recently visited, however, will cost you the equivalent of maybe forty chávenas de café — about twenty dollars. Still, you pay for the view…and for the city skyline in the background.
[Read more...]
Correction Fighting: How Feds Prolong Economic Depressions
“Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
[Read more...]