Yankee Running Dog

Thursday Outlook: Commodities, Emerging Markets

I have been enjoying this post since March. The comments seem to fit into my way of seeing the world, very refreshing. Enough of the intro, I'll cut to the chase.. I'll ask three questions

You brought up a very interesting "incident" with CNY. It dropped from about 36 to 30 in one hour with no movement on the Yuan. Is this the result of some derivatives gone bad or one of the financial backers choking on its own black hole?

One of the money market funds is now at 97 cents. Is this more derivatives going down a hole... With so much cash in money market funds, do you think they are at risk?

TIP is slowly going down hill. I bought some in Feb at 107 and have been pleasantly surprised with the yield. In seven months of monthly dividends, the annual yield is at 7.78%. Not bad for AAA gov bonds. Maybe somewhere in the government data banks, there is a real number on inflation?

Yankee Running Dog