Then, on top of an increasingly worthless currency, Generation iPod also inherits about a quarter of a million dollars each in unfunded Social Security and healthcare obligations…
November 2nd, 2009 | Joel Bowman | 38 comments | ContinuedAll Posts Tagged With: "U.S. Treasuries"
Dollar Up, Gold Down
Here in the Far East, the dollar is a particularly curious entity. Once upon a time, the mighty greenback was the best show in town, the “must have” ticket for the rocking Asian economies.
October 29th, 2009 | Joel Bowman | 0 comments | Continued
Rally in Stocks and Rise in Aussie Dollar is a Result of the Carry Trade
That’s just what happened last year. Only then, it was both a dollar and yen carry trade that led to a rise in Aussie assets. Once the credit crisis set in, the yen carry got dropped and investors fled risk assets and piled right back into the greenback and U.S. Treasuries.
October 29th, 2009 | Dan Denning | 9 comments | Continued
Is It Really the End of the Dollar Carry Trade?
But as you’ll learn today, the bankers, the Fed, the media…the whole lot of them…have learned nothing from last year. The hangover was just beginning to set in, so everyone began drinking again heavily. And now the party is wild and out of control. Even the cops are drunk.
October 27th, 2009 | Dan Denning | 4 comments | Continued
Inflation is Our Future
On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible.
September 30th, 2009 | Puru Saxena | 4 comments | Continued
World Economy Faces Hyperinflation or Deflation?
What is more likely is that over the coming months, we will get another deflationary scare. Any sell-off in the markets later this year will be met by an even larger stimulus from the policymakers and this will ultimately result in high inflation.
July 9th, 2009 | Puru Saxena | 4 comments | Continued
Good Luck with Money
There was a story about one lottery winner in the press here in London last week. He had won millions of pounds. Feeling lucky, he invested in a number of enterprises suggested by friends, relatives and total strangers – all failed. He married a much younger woman – who later left him…
June 30th, 2009 | Bill Bonner | 6 comments | Continued
Chinese Surge in Construction Explains Pickup in Base Metals Stocks
The dragon is breathing fire and building roads. “By the end of April, China had built 20,000 kilometres (12,430 miles) of rural roads, 214,000 low-rent homes, 445 kilometres of highway, and 100,000 square meters (1.08 million square feet) of airport buildings under the stimulus plan,” reported China’s National Development and Reform Commission on May 21.
June 2nd, 2009 | Dan Denning | 3 comments | Continued
China Performs a Kind of Financial Alchemy
“Chinese industrial output fell for four months between July and November, but has since recovered all those losses. A similar pattern has been seen in Korea, where industrial output suffered a sharp decline around year end but apparently made up about half of that over February and March.
May 19th, 2009 | Dan Denning | 10 comments | Continued
Federal Reserve Wants to Debase the U.S. Dollar
Last week, Mr. Bernanke announced that the Federal Reserve would buy $300 billion worth of U.S. Treasuries and another $700 billion worth of government-agency mortgage debt. In order to finance these purchases, the Federal Reserve would simply create this money out of thin air.
March 27th, 2009 | Puru Saxena | 7 comments | Continued