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  • Why The Dollar Should Be Higher [View article]
    If you believe in a US recovery then the USD should go down not up, shouldn't it?
    Mar 12, 2014. 12:14 PM | Likes Like |Link to Comment
  • Is The Euro Worth 38% More Than The Dollar? [View article]
    Subjective arguments. Europe is being overtaken in what respect? If Europe is being overtaken the US has been floored.
    Mar 7, 2014. 05:45 AM | Likes Like |Link to Comment
  • Strikes Hit NXP Semiconductors, How Bad Will It Be? [View article]
    Bad wording by the reporter. They didn't quit their jobs to strike - they stopped working for a couple of hours.
    Feb 27, 2014. 11:37 AM | Likes Like |Link to Comment
  • Is The Euro Worth 38% More Than The Dollar? [View article]
    Completely agree with Sue and Alexander - you missed 2 important measures: trade balance and current account and gloss over a 3rd; debt.

    Not only is federal debt very high but personal and local government debt is out of control in the US.

    The US has been in trade deficit for decades now whereas the Eurozone has been (mostly) in trade surplus.

    The current account has been mostly positive (and increasing) for the Eurozone over the last decade but has been negative for the US for the last 30 years (with only a very tiny blip into positive territory in the early 90s).

    These figures indicate that the US cannot pay its way and, though it hasn't until now 'officially' defaulted, that's not to say it won't - if not by simply refusing to pay then by monetizing. It is also not lost on foreign investors, that the Fed has effectively confiscated the gold of foreign central banks. This all points to a lack of trust in the Fed and the USD.

    IMHO the fall of the dollar is being carefully controlled and it has much further to go.
    Feb 25, 2014. 08:08 AM | 2 Likes Like |Link to Comment
  • Euro Vs. Deutsche Mark: Watch What Germans Do, Not What They Say [View article]
    Your premise is completely wrong. At the time of switching to the Euro in 2001, the Bundesbank promised (and probably many if not all the other Eurozone central banks) to exchange DMs for Euros INDEFINITELY AT ANY BUNDESBANK BRANCH. You can still exchange DMs for other currencies, even in the US, at a currency exchange (because they know they can redeem them at the Bundesbank at exactly the conversion rate DM:Euro as was applicable at the switch). This was necessary because hard currency gets distributed around the world, left in matrasses, etc. This has NOTHING to do with recent events or old women finding old DMs in their knicker drawer. ( ) There is an easy way to solve the Euro problem and that is to introduce capital punishment for banksters from the UK and US. No more disinformation and manipulation, no more problem. It is now 6 years since the crunch started. How long since news of the LIBOR manipulation, etc broke? How many of the robber barons have been brought to justice so far?
    Sep 19, 2013. 11:54 PM | Likes Like |Link to Comment
  • First Euro Sell-Off In Weeks - What's Next? [View article]
    "Trillions of US dollars, available at near zero percent that had gone abroad yield shopping in the developing world, will head home."

    Guess what this means for inflation and the value of the USD.
    Aug 30, 2013. 04:06 AM | 1 Like Like |Link to Comment
  • With Europe's Economy In The Tank, Why Is The Euro So Strong? [View article]
    It's because predominantly US and UK news outlets and commentators provide - let's say - 'stretched' versions of the truth. The big losers over the last ~20 years have been Japan, the US and the UK. The USD and the GBP have both lost ground against the EUR over that timeframe and the Japanese economy has been stuck in neutral and hobbled by the highest debt in the world. The biggest winners of globalization have been China and the other members of the BRICs club and Europe. Check out the exchange rate histories of the USD and GBP against the EUR and the way in which the list of global top-500 companies has developed.
    May 13, 2013. 08:22 AM | Likes Like |Link to Comment
  • Ready for the "iRing"? After meeting with hardware suppliers in China and Taiwan, Brian White believes Apple (AAPL) will launch a TV this year with a ring accessory allowing a user to control the set by pointing their finger. White also sees the iTV coming with a 9.7" mini iTV screen to be used for things such as home security, phone calls, and video conferencing. [View news story]
    One ring to control them all (devices).
    Apr 4, 2013. 03:41 AM | Likes Like |Link to Comment
  • Putting The Rise In Food Stamp Usage In Perspective [View article]
    The per capita stamp use at the start of the early 70s recession was ~5%. Now it is ~15% (and still rising) - an approximate 3-fold increase. The trend line over the period clearly indicates a rising use of food stamps in the population. This increasing food stamp usage parallels the growing disparity between rich and poor (check out the statistics on % of tax paid by richer individuals versus % paid by the poorer) over this timeframe and is a pretty damning indictment of claims of societal 'progress' and the oft-promoted trickle-down effect. If we are, as you say, experiencing a "recovery that still feels very much like a recession to a huge portion of the U.S. population" can that genuinely still be called a recovery?
    Feb 19, 2013. 05:35 AM | 3 Likes Like |Link to Comment
  • The euro slumps to its lowest level in a month following the EU recession deepening in Q4. Germany (EWG -1.9% premarket) contracted 0.6% in Q4 - its worst performance since the financial crisis, primarily because of slowing exports. One shakes one's head at the euro's powerful 2013 rise - it made no sense other than to carry out euro shorts on a stretcher. FXE -0.9% premarket.  [View news story]
    "The euro slumps to its lowest level in a month..."
    Slumps to its lowest level versus what? Since August last year the Euro has slumped ~10% stronger v the USD and ~10% stronger v the GBP. Is it possible to slump upwards?
    Feb 14, 2013. 02:51 PM | Likes Like |Link to Comment
  • The Euro-Model Scare Tactics [View article]
    "Fake money , bad public debt and fraudulent statistics are the typical pathologies of terminally debased polities."

    Which country are you talking about there?
    Jan 10, 2013. 05:58 AM | Likes Like |Link to Comment
  • The Fiscal Stiff [View article]
    Kicking the can down the road, US style.
    Jan 2, 2013. 04:52 AM | 4 Likes Like |Link to Comment
  • In 2013, The U.S. Dollar Will Decline Further [View article]
    That article says nothing about the quality of assets - take a look at the categories. Who has been buying a lot of the US treasuries - as much as 70% at times? Yes, the Fed because nobody else wants them. They buy them to depress the borrowing rate to keep the federal deficit under a semblance of control. The Fed has to buy them because nobody else wants them at that price and if the rates were higher the US would have had to default before now probably. As soon as the Fed tries to unload those 'assets' you'll begin to have trouble.
    Dec 31, 2012. 01:55 AM | Likes Like |Link to Comment
  • In 2013, The U.S. Dollar Will Decline Further [View article]
    What the Fed bought with the money they created was more than $1 trillion of junk - that was the whole point. They were forced to buy all of the junk to recapitalize the US banks. All of that junk is now on the Fed's balance sheet. They will be very lucky to get even 50c on the dollar for it. The Fed became the bad bank - about half of its balance sheet is junk.
    Inflation was controlled so far because the banks were not prepared to immediately loan out all of that new cash given to them in exchange for their junk - due to capital requirements and fear of it becoming junk again - so the banking system's reserves increased dramatically. At the same time the Fed started paying interest on these reserves anyway, to remove the incentive for them to be fully used so that inflation didn't take off. The problem with paying that interest is the question of how long is the country willing to keep paying the banks $230million per month in interest for doing nothing (just holding on to that capital)? When that interest stops and/or the banks begin using those reserves, inflation will take off. It's a question of when, not if.
    Dec 26, 2012. 01:56 AM | Likes Like |Link to Comment
  • In 2013, The U.S. Dollar Will Decline Further [View article]
    What assets does the Fed have that they can sell to offset the increase in value of dollars made available since 2007 under all of their special programs?
    Dec 25, 2012. 12:32 PM | Likes Like |Link to Comment