Melancholy Korean

The U.S. Dollar: A New Accord

Great article. Predictable that so many are now so bearish on the US, whether the economy, the dollar, Fed policy (everyone is an expert on monetary policy, except for the real experts--right, right) and bullish on gold and those "hot commodities," which are growing colder by the day. (Rogers got long ten years ago.)

Why such pleasure in Doomsday? Life not interesting enough? If everyone is a failure, then no one is?? I'll take the US economy any day over those of Russia, China, "Europe," Brazil, India, yadada. Long term, medium short, short term.

Curious why someone so intelligent would bother with this crowd, but I appreciate it! Thanks.

My Take on the ECB: Head Fake?

Dan's right. Tricky's gonna raise rates once ("it's not a series of rate hikes, etc etc). Then what? The US and Europe are both on the cusp of a major recession. Does the ECB eventually start cutting? Or are they going to attack inflation and cause widespread economic misery, in the name of discipline and austerity? How much pain can the people take?

I'd like to buy far out of the money options, like 5 delta, on the euro going away in five years.

Buy Low, Sell High: Right Time for the Former

wonderful!