Cool Video: CNBC Discussion on Turkey

I had the opportunity to join Professor Hanke to discuss the crisis in Turkey.  The professor sketched out his view expressed in a recent op-ed piece in the Wall Street Journal, arguing that Turkey is best served by adopting a…

Great Graphic JPY Struggles at Trendline

This Great Graphic is a weekly bar chart of the dollar-yen exchange rate.  It shows a three-year downtrend line (white line).  The US dollar had popped above it last month, but this proved premature and has not closed about it…

Brief Respite but Little Relief

Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey,  but its more a respite than a relief as no new policy initiatives are behind the lira’s upticks.   The implication of this is…

Great Graphic: Possible Head and Shoulders Top in Euro

The euro appears to have carved out head and shoulder top.  As this Great Graphic depicts, the euro was sold through the neckline at the end of last week and is 1% below it today.  It is not unusual for the…

Turkey Drives Risk-Off, but Pressure Abating

The failure of Turkey to grab the bull by the horns, so to speak, and come to grips with the situation saw the dollar soar above TRY7.23(from TRY6.43 at the end of last week) and to ZAR15.55 (from ZAR14.09).  The…

Musk Undervalues Tesla At $420

Greetings! It’s been quite the week. God, You’re All So Dumb! Perhaps you’ve experienced it at some point. A new guy joins a firm and has all the answers. To him it’s amazing how EVERYONE before him was such a…

Testing the Dollar’s Breakout

The US dollar surged last week, with the Dollar Index rising 1.25%, the most since April.  The dollar is being boosted by two drivers.  The first is the policy mix and interest rate divergence.  The other is the intensification of…

Let’s Get Geophysical

To read the rest of this article, you’ll need to sign up to Insider, our subscription service taking you “backstage” in the world of asymmetric investing & money management. As well as ongoing market commentary, members get specific trade recommendations from Chris MacIntosh &…

Dollar Surges, but Recent Gains Seem Exaggerated

The US dollar surged at the end of the week, helped by a hawkish statement by a perceived dove at the Federal Reserve and dramatic drop in the Turkish lira, which spurred a broader rout in emerging markets and risk…

How To Work, Gamble, And Charm Your Way From The Bush To The Boardroom

“I was always focused on success more than money. Money was not my driving point, I wanted to achieve something in my life and I saw an opportunity… There is nothing like the excitement and thrill of making something out…