Tag Archives: dollar

Larry Summers On Dollar Strength

Posted in Currency, Dollar | Tagged , | Leave a comment

Got Gold?

The Fed’s effective nationalization of the financial markets in the past week has spiked gold prices.  It does appear the first phase of the bear market and bursting of multiple asset bubbles is almost complete.  Phase 1, an initial massive deleveraging, … Continue reading

Posted in Germany, Gold, Uncategorized | Tagged , , , | 11 Comments

Dollar Impact On U.S. Manufacturing Employment

We have been busy on a piece evaluating the U.S. economy under the first 29 months of the Trump administration.  As I used to bark out selling programs as a young kid at Dodger Stadium, “You can’t tell the players … Continue reading

Posted in Dollar, Economics, Uncategorized | Tagged , , , | 13 Comments

BFTP: How Sustainable Is Earnings Growth?

BFTP: Blast From The Past We posted the following last May when earnings and the market were all lathered up and on a sugar high induced by the corporate tax cut and weaker dollar in 2017.  Our lack of confidence … Continue reading

Posted in Dollar, Earnings, Uncategorized | Tagged , , , | 1 Comment

BFTP: How to Become a Trillionaire And Other Thoughts

BTFP:  Blast From The Past Time to repost our piece from January 2017, almost two weeks before the Trump administration took power. We hit the big topics back then which are now making headlines today:  1)  Modern Monetary Theory;  2)  … Continue reading

Posted in Economics, Fiscal Policy, Uncategorized | Tagged , , , , | 1 Comment

We Have Lift Off! (in the $)

  Can’t believe that was fiddy years past.  Going to see the new Apollo 11 flick on Saturday with my 15-year old daughter, who wants to be an astrophysicist. Back to biz… The Dixie – “To the Moon, Alice” Another … Continue reading

Posted in Black Swan Watch, Dollar, Uncategorized | Tagged , , , | 1 Comment

Ten Good Weekend Reads

Haven dollar touches 1½-year high as global growth worries dominate trading – MarketWatch Conte Says His Budget Deficit Offer Is the Best Italy Can Do – Bloomberg The Fed’s Critical Role for 2019 – Barron’s Business debt swells to $9 … Continue reading

Posted in Weekend Reads | Tagged , , , , , , | Leave a comment

How Sustainable Is Earnings Growth?

Not very. We will leave the calculation for the entire stock market to the stock analysts. Here’s why: Just glancing over WalMart’s latest earnings release from the week, we see two one-off macro factors that helped WalMart’s earnings in Q1, … Continue reading

Posted in Dollar, Earnings, Uncategorized | Tagged , , | 62 Comments

Why the dollar is weak – FT

Authers dishes on the weak dollar. You know our suspicions (and just that – suspicions – as nobody really knows with certainty), which should negate some of this morning’s reversal on the president’s comments that sent shorts scrambling. Unless that … Continue reading

Posted in Dollar, Uncategorized | Tagged , , | Leave a comment

Dangerous Gambit Out Of Davos

We woke to a comment out of Davos that surprised both us and the market. The U.S. Treasury Secretary, Steven Mnuchin, broke from tradition and welcomed a weaker dollar. “Obviously a weaker dollar is good for us as it relates … Continue reading

Posted in Bonds, Dollar, Uncategorized | Tagged , , , , , | 14 Comments