From the category archives:
http://www.bloomberg.com/apps/news?pid=20601110&sid=a.6u.EHUlfm8
My Opinion: With interest rates at rock bottom levels across the world and asset levels plummeting to record lows, the appeal of the Japanese carry trade is all but gone. This has been evident for several months as investors unwound their positions, resulting in a greater demand for yen which pushed it to decade high [...]
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I’ve been inundated with questions from readers about what’s going on in the markets right now. So I dedicated this week’s issue of Money and Markets to answering some of the most burning questions I’ve received.
Everything from where I think gold is headed now that it’s broken above my key resistance level, to what [...]
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As I’ve been saying all along, competitive currency devaluations will soon become the order of the day. See article below and my commentary — Larry
Bank of Japan Must Devalue Yen
The Bank of Japan has already tried most tricks to alleviate the global financial crisis. In an effort to combat the worst economic slump since 1974, [...]
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The Group of Seven industrialized nations have adopted a more conciliatory tone against China’s handling of its currency.
At a time when economic rhetoric between the U.S. and China has increased, a disturbing trend, officials from both sides have reaffirmed the importance of a cooperative relationship. As the world’s largest creditor nation, China can expect to [...]
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Chinese Central Bank governor Zhou Xiaochuan announced the Chinese yuan will be kept at an appropriate level and no new strategy has been adopted, signaling a continuation of the current strategy. The yuan has been allowed to appreciate 21% against the U.S. dollar since the end of its peg in July 2005. However, the Central [...]
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Dollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. — Larry
Dollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2)
Dec. 15 (Bloomberg) — The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a [...]
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In a speech this morning at an international monetary conference in Spain, Fed Chairman Ben Bernanke took the unusual step of speaking out on the dollar saying that the central bank is “attentive” to the weak U.S. dollar and that it has contributed to an “unwelcome rise” in inflation. He went on to say that [...]
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Wild markets, eh? Currencies swinging like crazy, gold gyrating, roller-coaster moves in the grains. And the Dow Jones can’t figure out whether it’s coming or going.
No problem! If you’re a seasoned trader and investor like me, wild swings can make you a fortune. Quick in and out trading. Gotta love it!
But real wealth [...]
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