It seems like the only thing I hear in the financial media these days is talk about when the Fed will raise interest rates but I think people are missing the forest for the trees. The US dollar continues to surge higher and by letting it rise, effectively the Fed is already tightening. I don’t…
Chinese officials announced that they’ll be easing their intervention in the currency market to let the yuan trade more freely as well as gradually removing caps on deposit rates. These are two big steps in the right direction for China to rebalance their economy with less of a reliance on government driven investment and a…
I lightened up on Emerging Markets (EM) a little this week. Many of the EM markets took off to the upside after Bernanke announced no change to the current Quantitative Easing program. However, I see the current rally as just another cyclical blip that will quickly lose steam. At the heart of the issue remains…