Comments from RBNZ Governor Bollard this afternoon triggered a sharp sell-off in the New Zealand dollar. After having already cut interest rates by 525bp, he is telling us that the New Zealand economy could still weaken and because of that, he is not happy with the rise in long term yields. So this [...]

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Until the Fed announced an expansion of its quantitative easing program two weeks ago, gold had begun to fade into relative obscurity. Sure, gold had risen in value from a low of $710/ounce back up to $900/ounce, but prices were still off 10% from the highs reached in 2008. Meanwhile, risk aversion had begun to [...]

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Housing - Insurance - Banking - Automotive Industries all fall under Washington’s control. With eyes on the health care system - education - transportation - and…Don’t Fart - That could be considered as a carbon emission!

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They’ve created a sign up link for my Master Class in Singapore (April 21) and Malaysia (April 23). Click on the image to signup

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This morning, the Financial Times released a draft of the G20 communique or “statement” that will be unveiled on Thursday (below). It contained no new fiscal stimulus or comment on currencies.
This exacerbated the rally in the U.S. dollar which was already shooting higher on the fear of GM or Chrysler bankruptcy. Trouble [...]

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