targeting .9200

AUD/USD – Steadies Below Key 0.93 Level

Perfect buying opportunity last week on the sell-off. The dollar move had no fundamentals behind it, and the geopolitical situation globally is too crazy to have a portfolio with no protections.

US President Obama authorizes air strikes in Iraq

Ugh, look at what happen to GM's car lending subsidary..it blow up. Now, the car is the average American's house. Unfortunately, that, too, is lent on subprime credit. I didn't get my first car until I was 24, and I still lived and got to where I ...

Paltry US credit-card debt growth signals restrained consumer

Possible, and likely. But I like to go fast, so I'll see you at 7,000.

Lacker Fed May Raise Rates Faster Than Investors Expect

Not bad, and yourself? I find it funny how somehow "we" think it's good for the consumer to take on more debt. Then again, if they encouraged cash only, nothing would be bought. How's 100%+ debt-to-GDP going for the US? Last time I checked, it's ...

Paltry US credit-card debt growth signals restrained consumer

Enough with the boondoggle. If the Fed was going to raise rates, they would have done it already. Time to walk the walk. Only time Fed will raise rates when inflation hits 10%. Like Argentina, official inflation 10%, unofficial 30% It's the ...

Lacker Fed May Raise Rates Faster Than Investors Expect

How can consumers spend with three part-time jobs averaging $12 an hour?

Paltry US credit-card debt growth signals restrained consumer

That's the problem, central banking is useless. They didn't see 2008 coming. Over 40 boom and bust cycles contributed to shitty monetary policy (globally) since WWII. And it's funny how you mentioned the "right thing." Lol, I remember talking with ...

Economy in U.S. Expanded More Than Forecast Last Quarter

I agree totally. I lot of the problem is that the majority of economists are neo-Keyensian academics from the 60s, and the others are raging liberals And I know Keyenes' principles are slaughters. One of his big mandates was to have government ...

Economy in U.S. Expanded More Than Forecast Last Quarter

Like I said, the dollar bids going into FOMC and then deteriorates. It's handing near the top, which should be concerning. There is no momentum or willingness to press higher. There only case for a stronger dollar is higher rates, and Yellen won't ...

Contrarian’s case: Dollar sell-off coming on ‘huge disappointment’

Yea, sure. Too bad part-time jobs don't do much for anyone. I am curious to see if non-farms begins to taper into the summer. It's back to last year's theme: Headline number is good, buy it up. Headline number is so-so, buy it up. Headline number ...

The US Employment Situation - July 2014

Those numbers look pretty weak. Wages flat, spending lower than expectations. Nonfarm above 200k, but a lot less than previous months.

The US Employment Situation - July 2014

You'll get a knee jerk reaction. These moves are based on headline risk. There has been six months of 200k+ NFP and Yellen still sees slack. What good would a 7th be? Yellen wants rates as low as possible for as long as possible. Higher risk assets ...

FOMC Statement

People don't get it. Fed is NOT raising rates anytime soon. That is NEGATIVE for the dollar. By this time next week, USD will be much lower. Today, traders were expecting potential rate outlook to accelerate, given the moves in bonds and dollar. ...

FOMC Statement

Would she? The released minutes just showed she wouldn't. She is a neo-Keynesian academic. In Leymans, she's clueless. In one sentence, the labor market has ongoing slack. And another, the labor market is strong enough yada, yada. Not saying what ...

Economy in U.S. Expanded More Than Forecast Last Quarter

The sky is blue, but sometimes black

Greenspan Says Stocks to See ‘Significant Correction’