Tag Archive: Hillary Clinton

Caixin Monthly Column: Brexit

2016-07-11

by

2016-07-11

(Here is the latest monthly column I write for Caixin.  It is on Brexit and I wrote it as an email to my mother.  Here is the link.  The text follows) To: Mother, Date: July 4, 2016, Glad to see you figured out how to access your email account. I smiled when I saw your note in my inbox. Thank you, though I am not sure that Thomas Watson felt the same way when Alexander Graham Bell called him.

Read More »

Planet Debt

2016-07-05

by

2016-07-05

She is a low-interest-rate person. She has always been a low-interest-rate person. And I must be honest. I am a low-interest-rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.

Read More »

FX Daily, July 04: Four Things that Happened on the Anniversary of the Original Brexit

2016-07-04

by

2016-07-04

Inflation expectations fall in Japan. UK construction PMI fell sharply before Brexit. The Australian dollar recovers from the dip as investors await more results. It is not clear that Brexit has sparked a wave of nationalism or anti-EU sentiment.

Read More »

Great Graphic: Age and Brexit

2016-06-21

by

2016-06-21

The betting and events markets have shifted more decisively than the polls in favor of the UK to remain in the EU.  Sterling extended its rally from $1.4010 last Thursday to nearly $1.4785 today, as the market participants adjust positions. What is particular striking is that the asymmetrical perceptions of the personal impact of a … Continue...

Read More »

What Congress Really Thinks of Voters

2016-06-13

by

2016-06-13

  Battle of Wits  BALTIMORE – On Wednesday, the Dow rose over 18,000, for the first time since April. Hillary is riding high, too. She is a pro. She has the entire Deep State behind her – including almost every crony and zombie in the country – and a...

Read More »

The Trump Risk: Will President Trump Trigger a Recession?

2016-06-10

by

2016-06-10

“The economic consequences of a Trump win would be severe,” claims Mr. Summers in the headline. But he has no way of knowing what the consequences would be, let alone if they would be severe. Would they be worse than if Ms. Clinton were elected? No one knows.

Read More »

FX Daily, June 8: Currencies Broadly Stable, but Greenback is Vulnerable

2016-06-09

by

2016-06-09

Once again the Swiss Franc appreciates both against EUR and USD. The euro topped at 1.1095 shortly before the US payroll data and has fallen to 1.0932. The dollar has fallen from 0.9947 to 0.9596. The foreign exchange market is quiet.  The euro remains confined to the narrow range seen on Monday between $1.1325 and $1.1395.  We continue to look for higher levels near-term as the drop from May 3 (~$1.1615) to May 30 (just be...

Read More »

FX Daily, June7: Another Breakdown of EUR/CHF

2016-06-07

by

2016-06-07

Once again both EUR and USD broke down against the franc. The adverse effect of the Friday US jobs reports is visible again. Moreover, CHF appreciated with the Asian block, with AUD and NZD and with the oil price.

Read More »

A Thank You to the Jackasses Running the Economy

2016-05-30

by

2016-05-30

  Rolling Back 200 Years of Growth BALTIMORE, Maryland – The press reported mixed financial news on Thursday. House sales, oil, unemployment figures… up, down… the news left investors puzzled.   Two of many symptoms of the much-bewailed “populist bac...

Read More »

Staying Home on Election Day

2016-05-11

by

2016-05-11

  Pretenses and Conceits The markets are eerily quiet… like an angry man with something on his mind and a shotgun in his hand. We will leave them to brood… and return to the spectacle of the U.S. presidential primaries. On display are all the pretens...

Read More »

65-Year-Old Swiss Native Lost His Life’s Savings For Failing To File A Form to the US

2016-05-11

by

2016-05-11

Submitted by Simon Black via SovereignMan.com, By all accounts Bernhard Gubser was living the American Dream. Born in Switzerland he moved to the Land of the Free in the early 1980s to work at an international shipping company based in Laredo, Texas....

Read More »

A Trump Landslide in November?

2016-05-05

by

2016-05-05

  Objective Reality After spending three weeks with objective truth at the ranch, we are now forced to return to the world of myths, delusions, and claptrap. Yes, we are in Buenos Aires looking at a TV! And there they are… talking about the world of ...

Read More »