Swiss Franc Soars
The Swiss National Bank announced today that it was dropping its three year-long peg to the euro. The franc soared on the news gaining...
Gold vs. Oil
Oil is a steal in terms of gold. The ratio of gold to oil is trading at more than two standard deviations above an...
The Monday Melee: “Grexit” Unavoidable?
Could Europe Cope with a Greek Exit? Is it Unavoidable?
What We’re Reading:
The Comeback of the Running Back (The Wall Street Journal)
The Depression That Was...
The Monday Melee: The Value of a Dollar
Strongest Dollar in Years
The dollar is the strongest it’s been since July 2010, but still isn't at its strongest historically.
Returning to a Stable Dollar
Quotable:
"The...
The Monday Melee: Risk Off
Risk Off: Russia
Even though Canada, Norway and Russia are all major petroleum exporters, Russia's ruble is getting hammered compared to the Norwegian krone and...
Yes. Gold is a Currency
Is gold a currency? “Yes. Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No...
The Monday Melee: To Russia With Love
Ruble Crashing:
Low Risk/High Risk
Back in March the World Bank predicted two scenarios for Russia's GDP in 2014/2015 given different levels of risk stemming from...
Currency Wars Continue
The global central banks regularly deny that they are engaged in competitive currency devaluations, but actions speak louder than words. Last week the Bank...
Who’s Winning the Ugly Contest?
Over recent years, investing in the world’s largest currencies has been a game of picking the ugliest currency. The dollar, the euro, and the...
9% Yield for Warren
Growing up in the 80s when the dollar was "strong" we would head to Canada to go skiing. Now the reverse is happening. If...