Tag Archive: Cool Video

Cool Video: A Look Ahead to 2021

2020-12-24

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2020-12-24

I joined Ben Lichtenstein, host of the morning futures program at TDAmeritrade.  It is in the futures market that I began my career, and where I gained respect for local traders, who do not have a large institutional backing such as a bank or hedge fund, and are trading their own capital, and taking the risk often from those institutional participants. 

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Cool Video: CNBC-Asia–Brexit, Sterling, the Euro, and Dollar

2020-12-14

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2020-12-14

I had the privilege to join Sri Jegarajah at CNBC Asia at the start of today's Asia Pacific session.  We had a broad chat about the dollar, Brexit, and the euro.  He gave me the opportunity to sketch out my views:1.  The dollar's entered a cyclical decline, and the "twin deficit" issue will likely frame the narrative. 

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Cool Video: TD Ameritrade with Ben Lichtenstein

2020-08-20

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2020-08-20

With the dollar continuing to trend lower, it was time to check again with Ben Lichtenstein at TD Ameritrade.  It was a privilege to join him today to discuss the drivers. I sketched out my views that the greenback's two legs, growth and interest rate differentials have been knocked from under it.

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Cool Video: Gold and the Dollar

2020-07-25

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2020-07-25

I have been talking with Neils Christensen, editor at Kitco news, for several years about the dollar, gold, and my read of the capital markets more broadly.  We had a chance to discuss recent developments yesterday. I began my career at a small newswire, and Kitco reminds me of it.

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Cool Video: Dollar, Trade, and China on TDA Network

2020-07-07

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2020-07-07

I began my career as a reporter on the floor of the Chicago Mercantile Exchange, covering the currency futures and short-term interest rate futures for a news wire. Among other things, I learned that often, the locals, people trading with their own money and wits, would take the opposite side of trades of the institutional players.

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Cool Video: Forces Driving the Dollar and Downplaying Claims Sterling is an Emerging Market Currency

2020-06-30

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2020-06-30

From my remote location in Ocean Grove (next to Asbury Park of Bruce Springstein fame), I joined Martin Soong and Sir Jegarajah for a brief interview as the Asia session was about to begin the new week. A three-minute clip of the interview can be found here.

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Cool Video: A Quick Review of the the FOMC and a Look to Next Week

2020-06-13

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2020-06-13

Sometimes the news drives the price action, but sometimes the price action drives the news.  If the initial rally in US stocks after the FOMC meeting had been sustained and if the dollar had continued to decline, observers would drawing a different conclusion.  

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Cool Video: The Liquidity Hypothesis

2020-06-06

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2020-06-06

Jackie Pang from Meigu TV called and wanted to talk about the seeming disconnect between Wall Street and Main Street. In this nearly 4.5 minute clip that she posted here, she gave me plenty of time to explain what I make of it. 

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Cool Video: TD Ameritrade-Stocks, the Dollar and the Trap Laid by the German Court

2020-05-07

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2020-05-07

Here is a nine-minute clip of a chat I had with Ben Lichtenstein at TD Ameritrade. Ben captures futures traders' energy and breadth of vision.  Often in institutional settings, one develops a specialization, but in my experience, futures traders are more likely to look across the markets and asset classes.  It is one of the lasting lessons learned early in my career on the floor of the CME. 

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Cool Video: CNBC Asia

2020-04-13

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2020-04-13

As the markets were re-opening in Asia earlier today, I joined Martin Soong and Sir Jegarajah on CNBC Asia.  I had returned from a business trip and visited our summer house on the Jersey shore for what I thought was going to be a weekend more than a month ago.  

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Cool Video: OIl, ECB, and Animal Spirits

2020-04-09

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2020-04-09

I had the privilege to join Ben Lichtenstein at TD Ameritrade (from a remote location) this morning to talk about the global markets.  I make four points.  First, the reversal of the S&P 500 yesterday set the tone for Asia and Europe.  Volatility throughout the capital markets remains elevated, even if off the peaks.  

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Cool Video: Dollar and Fed

2019-10-29

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2019-10-29

I joined Tom Keene and Marty Schenker (chief content officer) on the set of Bloomberg TV this morning. Schenker discussed some of the geopolitical issues in the Middle East, and Keene asked about the impact on the dollar. I expressed my concern that the chief threat to the dollar's role in the world economy is the several administrations have increasing weaponized access to the dollar and the dollar funding market.

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Cool Video: China Still Needs to Provide more Stimulus

2019-10-24

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2019-10-24

The IMF projects that China will expand by less than 6% in 2020, but unless China provides more stimulus, it may be difficult to achieve.  This is not only my view but also the view of Helen Qiao, the chief economist for Greater China at Bank of America.  I was on the Bloomberg set with Alix Steele and Ms. Qiao earlier today.

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Cool Video: With Rick Santelli on CNBC

2019-10-18

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2019-10-18

I was invited to Rick Santelli's Exchange on CNBC earlier today. There is a 3.5-minute clip of the interview that can be found here. Despite being a dollar bull for nearly a decade (since around the time of my first book--Making Sense of the Dollar--), I do not think a strong or weak dollar is desirable. It is about the level that is appropriate depending on business conditions and the economic cycle.

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Cool Video: Thoughts on ECB

2019-09-15

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2019-09-15

A few hours after the ECB announced a new package of monetary accommodation, I joined a discussion on CNBC Asia with Nancy Hungerford and Sir Jegarajah.  Here is a clip of part of our discussion. I make two points.  The first is about the euro's price action.  What impressed me about it was that the euro posted an outside up day, trading on both sides of the previous day's range and closing above its high.

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Cool Video: The implication of CNY7.0+

2019-08-06

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2019-08-06

President Trump's tweets last week announcing the end of the tariff truce signaled a new phase in the US-Chinese tensions.  China responded as did investors.  I was fortunate to have been invited to the Bloomberg set to discuss the issues of the day.

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Cool Video: Sketch of Bullish Case for Gold

2019-06-26

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2019-06-26

I know some people who are always bullish gold. I am not. In fact, I often think I can find higher returning assets. However, I have recently have turned bullish gold, and while in Toronto on business, I was invited to the set of Bloomberg to discuss my change of heart.

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Cool Video: End of Tariff Truce Spurs Over Correction

2019-05-21

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2019-05-21

The S&P 500 recorded a key reversal on May 1, and the end of the tariff truce ensured follow-through selling.  With today's early losses, it is off nearly 3.5% this month.   In my brief chat with Stuart Varney at Fox Business, I suggest that the stretched technical condition left the market vulnerable to a "buy in May and go away"  scenario. 

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Cool Video: Q1 US GDP Optics may Mark Near-Term Peak in Divergence Theme

2019-04-30

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2019-04-30

I joined Tom Keene and Francine Lacqua to talk about US GDP with David Riley from BlueBay Asset Management. Here is a link to a 2.5-minute clip. The initial estimate of Q1 US growth was well more than nearly anyone expected. The details were underwhelming as the consumption was halved and the GDP deflator was halved. Final private domestic sales, which strips away inventories, trade, and government spending rose 1.3%, the least more than five years.

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Cool Video: Discussion of the Deflationary Risks in Japan and Brexit

2019-04-23

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2019-04-23

I joined CNBC Asia’s Amanda Drury and Sri Jegarajah via Skype earlier today as the new week was beginning in Asia. In this three minute clip, we discuss the outlook for the BOJ and sterling. Most of the rise in Japan’s inflation is due to food and energy prices. Despite an aggressive balance-sheet expansion effort, the BOJ has missed its target by a long shot.

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