Carl Spackler

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

Bernake and the Feds gave some passing compliment to the dollar, but it just a passing comment. This administration's true colors were shown when Obama mentioned recently that his belief is that US exporters will pull us out of this mess. That means this administration is behind a weak dollar campaign in the futile hope that exports can drive our economy.

This will go down as a massive miscalculation. Our economy is only 30% manufacturing, and such a small sector will not drive growth much. The damage of a depreciating currency on the remaining 70% of businesses will cripple us long term. We will have a small group of companies doing well, and a bunch doing poorly.

U.S. Treasuries in a Bubble, Not Commodities

I like Mark Anthony's hat almost as much as my assistant greenskeeper hat in my Carl Spackler picture! Couldn't agree more with the arguments here - US Treasuries are 150-200 basis points too low. Eventually, just like water, things find their natural level despite man's interference.

Tuesday Outlook: Commodities, Emerging Markets, More

This guy always does some great posts - always a must read.