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Don’t Give Up on Dollar Safe-Haven Status |
Jul 07, 2009 |
As most of you know, I have been a long-time believer in physical gold. In my opinion, 5 percent physical gold should have its eternal place in every portfolio as a form of insurance against the always-present unexpected event that could seriously disturb the real value of what we have.
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Unpredictable Events Still Lurk in the Markets |
Jul 02, 2009 |
The U.S. and the world economies are still in an extremely fragile state that could still break at any moment. Of course, hopefully not. But for now, I’m convinced we’re headed for the stagnation (not stagflation, which includes inflation) for the foreseeable future.
Unfortunately, this is not just a big problem in the United States alone, but also in Germany, Japan, and elsewhere. This situation is once again confirmed by various economic indicators, including in employment and manufacturing.
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U.S. Dollar Still Under Attack |
Jun 30, 2009 |
Last Friday, the People's Bank of China released its annual financial stability report. It stated it would push for the international community to reduce its over-reliance on a small number of reserve currencies and added that it was a serious defect that the international monetary system should be dominated by one currency and called for closer supervision of those countries that issue the main reserve currencies.
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Don't Give Up On the Dollar Just Yet |
Jun 25, 2009 |
Eurostat, the Statistical Office of the European Communities just informed that industrial new orders in the euro area (EA16) are down by 35.5 percent year-over-year and down 1 percent month-over-month. Excluding ships, railway, and aerospace equipment, for which changes tend to be more volatile, industrial new orders decreased by 0.9 percent month-over-month.
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Economic Winter Here to Stay |
Jun 24, 2009 |
A picture is sometimes worth more than a thousand words. If you would like to think the German industry is headed for a nice recovery on the grounds of the third consecutive increase in the IFO index, think twice.
Indeed, the index of German business climate for industry and trade again showed a timid but nevertheless continued rise three consecutive times. That said, we must admit the current IFO index remains firmly depressed at 85.9 but appears to have stopped dropping. It is not even close to a return to the 110-plus levels prevailing before the crisis.
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