Archive for June, 2009

How long can the Dollar Last as the World’s Reserve Currency?
The big question is how long can the dollar last as the world’s reserve currency? Needless to say, that is not an easy question to answer. We recently called the top on the dollar at 89.50 on the USDX. The USDX is six currencies versus the dollar on a weighted basis. More than a year ago the dollar hit a low on the USDX at 71.18. A phenomenal rally ensued from that level expedited by de-leveraging and the closing out positions within the carry trade. A good example of the carry trade was when a

Weekly Good News Wrap - June 8-14
The G-8 Cites Recovery Signs Posted: Sat, 13 Jun 2009 18:12:00 +0000 The G-8 is composed of the U.S., Japan, Germany, France, U.K., Canada, Italy and Russia. Representatives met over the weekend in Lecce, Italy to begin crafting an agenda for when a broader set of leaders meet on July 8-10. The group acknowledged that they are now considering how to back out the swift rescue actions taken last year because the world economies are beginning to show signs of recovery . “We discussed t

Hugh Hendry: June 2009 Letter
Here, below, in its entirety is Hugh Hendry’s latest letter to investors. Its both enlightening, and highly educational, as the outspoken and brash Hendry has a great handle on market history as well as the English language. Hendry, founder of Eclectica Asset Management, is one of the hedge fund industry’s true luminaries, and often goes out of his way to argue his convictions as well as make his bets publicly known, and while his theses often get tested, as does his durability, he has yet t

Dr. Doom Has Some Good News
From the Atlantic : Nouriel Roubini, the New York University economist who accurately forecast the bursting of the housing bubble and the resulting economic contraction, has become famous for his pessimism—he has been the gloomiest of the doomsayers. Which is what makes his current outlook surprising: Roubini believes that the Obama administration’s policy makers—and especially the much-maligned Tim Geithner—have gotten a lot right. Pitfalls may still abound, but he is now projecting an end

Bad Credit Loans, the Hassle Free Way to Get a Loan
London (PRWEB) March 12, 2009 — With typical loans now too far out of reach for most people, hassle free http://www.loansbadcredit.org.uk [bad credit loans] are filling a vital niche in the UK loan…

Bad Credit Loans, the Hassle Free Way to Get a Loan
London (PRWEB) March 12, 2009 — With typical loans now too far out of reach for most people, hassle free http://www.loansbadcredit.org.uk [bad credit loans] are filling a vital niche in the UK loan…

First Mortgage Announces 29 Per cent Rise in Turnover
(PRWeb) January 10, 2007 — First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and payment protection plans, have just announced a 29 per cent increase on the first six…