When it comes to currencies and inflation, my go to guru is Everbank’s Chuck Butler. Chuck writes the Daily Pfennig which is a must read. He keeps us up to date on the currency markets and his predictions are almost always spot on – generally well ahead of everyone else. Chuck also has a terrific sense of humor. He goes in […]» Read more
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When it comes to currencies and inflation, my go to guru is Everbank's Chuck Butler. Chuck writes the Daily Pfennig which is a must read. He keeps us up to date on the currency markets and his predictions are almost always spot on – generally well ahead of everyone else.
Chuck also has a terrific sense of humor. He goes in regularly for "infusion" chemotherapy cancer treatment. He jokes about the next day, calling the side effects "infusion confusion".
I want to talk to Chuck about the world Central Bankers. Bloomberg recently reported, "Abe's Fiscal Plan Follows a Long Road of Packages That Failed" – outlining Prime Minister Shinzo Abe's "bold" plan to revive the economy with a $273 billion dollar package. It's the 26th dose of fiscal stimulus since the country's epic markets crash in 1990.
"The nation has had extra budgets every year since at least 1993, and even with that extra spending, it has still had six recessions, an entrenched period of deflation, soaring debt and a rapidly aging population that has left the world's third-largest economy still struggling to get off the floor."Since 1993 their central bank has attempted to revive their economy by infusing cash into the system. It's been a colossal failure. Continuing with the same behavior and expecting a different result is not "infusion confusion", it's insanity! I don't get it! It's time to call Chuck.
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Remember the American Dream? Get a good education, find a good job, own a home, raise your family and retire comfortably when you turn 65. Build a solid foundation when you were young and you would have a wonderful life. I recall many friends taking jobs as teachers, firemen, police officers, or working for Sears, United Airlines or Motorola that […]» Read more
Assuming no reader would want a graphic of a fur ball I looked for a large ball of twine. I discovered friendly competition with several locations claiming the prize for the biggest in the world. Regardless of the winner, the governments and central banks of the world have created a ginormous fur ball that would make this ball of twine […]» Read more
I am going to share a 40-year-old secret. I was at my absolute favorite resort, Lago Mar, in Fort Lauderdale, FL. I held many meetings there during my career. As always, I went to check out the conference room the night before. The main door was locked. That was a good sign; they had set up the room and locked […]» Read more
Does anyone believe that people standing on the deck of a sinking Titanic would be overcome by the emotion of “witnessing history”? I believe survival would be more appropriate. I opened my inbox and found MarketWatch and four other publications referencing a Bank of America Merrill Lynch (BOAML) report “Interest Rates at Lowest Level in 5,000 years”. CNBC goes one […]» Read more
I don’t get it! I turned on my computer after a nice holiday weekend and was greeted with several headlines proclaiming: “Swiss bond yields now negative out to 50 years”. “The 50-year Swiss yield has hit a low of minus 0.0119 per cent, and yields are dropping across the board this morning, writes Joel Lewin.” The Swiss Exchange provides the […]» Read more
The average American is likely more interested in the latest episode of Game of Thrones or how their favorite baseball team is doing. Why such a big deal about the Brits (Brexit) leaving the European Union (EU)? It’s important to understand why they voted to leave. This Europa website begins with a tribute to their “Founding Fathers”: “The…visionary leaders inspired […]» Read more
Dear Mr. Bernanke, I read your article in the Wall Street Journal titled, “How the Fed Saved the Economy”, with the byline “Full employment without inflation is in sight. The central bank did its’ job. What about everyone else?” It was written to promote your new book, “The Courage to Act: A memoir of a Crisis and it’s Aftermath.” Mr. […]» Read more
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