With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.
We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.
Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.
Jack Crooks is Black Swan Capital LLC, President and Chief Trading Officer.
Jack is founder and president of Black Swan Capital LLC. He has also operated a discretionary money management firm specializing in global stock, bond, and currency asset management for retail clients. In addition, he was general partner in a firm specializing in currency futures and commodities trading. Neither firm is now in operation.
Prior to entering the investment arena, Jack worked in various corporate finance positions. He has written extensively on the subject of global currencies and international economics.
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Thomas Griffith was quoted as saying, "The news is staged, anticipated, reported, analyzed until all interest is wrung from it and abandoned for some new novelty."… More…
We expected a major G‐20 bust, and thank goodness it is shaping up to be so. We say that not because we want global economic failure, but because we believed this idea that throwing more money at our problems was only a recipe… More…
Does today's price action foreshadow things to come after the G-20 meeting? Or is it another chance to sell the dollar again at a higher price?… More…
Referencing the Quotable section above, I wonder what "thought leadership" really means. When I hear such a term used to describe any government body my instincts tell me it can't mean anything positive, regardless of its intent. … More…
"Analysts expressed hopes that the Chinese government's 4 trillion yuan ($586 billion) stimulus spending package would eventually ease the downturn, which has hammered Asian economies that are heavily reliant on exports for growth," … More…
I pledge allegiance, to the flag, of the United Currency of the World, and to the International Monetary Fund, for which it stands, one Money, more powerful than dollars, indivisible, stealing economic advantages and liberty from all.… More…
-verb (used without object) 1. to proceed by or take a winding or indirect course: The stream meandered through the valley. 2. to wander aimlessly; ramble: The talk meandered on. … More…
The gold bugs are smelling blood. The new global currency crowd is out in full. And of course, just like that, we should all give up our sovereignty to some global policy committee so they can determine monetary policy for all. … More…
Growing economic risk in Japan, reflected in the plunge in the Nikkei 225 stock index, seems to be finally hurting instead of helping the Japanese yen. … More…
Ebb and flow from risk appetite to risk aversion still seems the key driver. … More…
Australia - a country made famous to the United States thanks to Outback Steakhouse, Foster's beer and the Crocodile Hunter...and of course, The Black Swan. … More…
Our story, as you know, is not a positive one when it concerns the future of the euro. But, that is our story, and it may at times have little to do with the true story--price action! Mr. Price Action is always the final arbiter.… More…
I threw in the Lewitt quote above as a sort of extension to Jack's Currency Currents missive yesterday. As much as we're told we need a quick-fix to get the American economy back on its feet, that idea is wrong.… More…
If you have been following this morning missive for awhile you know we've been expecting export models to be crushed on the major secular theme of global imbalances starting to balance i.e. overconsumption in the West being balanced against overproduction in the East. … More…
This is that time when we try to evaluate the expectations about the expectations, i.e. will the jobless number guess prove too low, high, or be about right. This morning it seems the number is supposed to come in worse than expected. … More…
US Dollar Index yesterday touched its highest level in nearly three years. Not since April of 2006 have we seen the buck this strong versus this particular basket of currencies.… More…
Another head shaker it seems. Just when we were warming to the idea of gold and the US$ moving arm in arm, the correlation breaks down or maybe pauses or maybe never was; either way we are now back to the old game of higher dollar and lower gold … More…
Worried about your countries currency? The easy solution to your worries: don't cut rates when the market expects it.… More…
