It was all about the Japanese yen this week as USD/JPY gained bearish momentum sending prices to a 17-month low. The US dollar fell to lows of 107.66 Yen on Thursday but managed to recover by Friday’s trading on mounting risks that some form of intervention from Japan could set about a massive short squeeze…
An assembly line of a Daimler AG venture in Minhou, Fujian province. My on-the-ground experience in China stretches back to the beginnings of the reform era in 1981. Yet I cannot recall a time when so much pessimism, especially in English-language media, has surrounded the Chinese economy. Yes, it is a time of large, perhaps…
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In yesterday’s article, I neglected to mention one remark by a former Fed chair that bothered me at the time. However, I didn’t mention it because I thought the reason it bothered me was that it was vacuous – the sort of throw-away line that someone uses to stall while thinking of the real answer…
Greetings, Let’s begin with the global financial markets where the risk-off sentiment has returned. Dollar-yen hit 108, which is quickly becoming a disaster for the BoJ – potentially reigniting deflationary pressures. Many anticipate the BoJ to intervene in some fashion to stem the yen appreciation. The rise in yen is viewed as a sign of risk…
Crude Oil remains one of the most important, if not THE most important commodity on the planet. A big test in in play right now for this important asset. Crude Oil over the past few years has traded inside of channel (A). It hit the top of the channel in 2014 and couldn’t break…
Last week, I interviewed the author of “The Fourth Turning”, economist and demographer Neil Howe on “The Lance Roberts Show.” The discussion focused on the demographic shift that is currently occurring in the United States and the impact it will have on economics in the future. One of the most striking points of the discussion is how American’s are acting…
Introduction Small and mid-sized companies are often overlooked by many or even most investors. That’s unfortunate, because there are many excellent investment opportunities that can be found in these equity classes. However, an argument could be made that between the small and mid-cap equity classes, the best and perhaps less risky investment opportunities are found…
Come on kids, let me tell you a story! It’s the same story we tell you every time the market goes dark and you are worried about the economic monsters in your closet but it sure works to calm the investors down – EVERY TIME! Yesterday the kids were really scared so they brought out…
In the first quarter, there was some speculation that currency pegs either in the Middle East or Hong Kong were going to give way. We argued that the pegs would in fact hold, and hold they have. In fact, pressure on the Saudi and Hong Kong pegs have dissipated. Since the end of last month, Denmark’s…
