US Hyperinflation?

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

DOLLAR REACHES BREAKING POINT AS BANKS SHIFT RESERVES; LOSES 10.3% IN SIX MONTHS

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

Don’t Trust the Dollar Strength

The Daily Reckoning As predicted, both the European Central Bank and the Bank of England kept their benchmark interest rates at record lows in an effort to keep stimulating their economies. Trichet signaled that the ECB has no plans to raise rates in the near future, stating that the current level is ‘appropriate’ for the [...]

Canadian Dollar Rattled by Shanghai Meltdown, Interventionist Talk

Gary Dorsch (Global Money Trends) submits: Bullish investors betting on a V-shaped recovery for the global stock markets are convinced the worst of the global economic crisis is over, and furthermore, expect the emerging economic giants – Brazil, China, India, Russia, and Korea (BRICK) to become the locomotives of global growth. With China and India [...]

Canadian Dollar Rattled by Shanghai Meltdown

By Gary Dorsch, GoldSeek Bullish investors betting on a V-shaped recovery for the global stock markets are convinced the worst of the global economic crisis is over, and furthermore, expect the emerging economic giants, – Brazil, China, India, Russia, and Korea, (BRICK) to become the locomotives of global growth. With China and India leading the [...]

Time to Buy China, Copper, the Canadian Dollar and Oil

Dr. O submits: My last article featured continued caution on equities of all stripes, given the free fall in equity markets world wide for the past year or so. We’ve all been looking for “the bottom” or at least a tradeable bottom. Patience and cash has been well rewarded, and the US Dollar and US [...]