Your recommended daily allowance of skepticism
For the past year - since November 4, 2008, actually - I've thought about walking around wearing a T-shirt that reads… More…
About Currency Currents
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.
Who is Jack the Pipper?
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.
Latest Posts
November 2009
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Archives
November 2009 Monthly Archive
Friday Ramble
I noticed a Reuter's poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency--yuan- was against the US dollar. The average guesstimate was about 20%.… More…
Oh yen, we wonder when...
We are taking a little break today. In place of my usual ramblings, below is an excellent article by Chris Fournier and Yasuhiko Seki of Bloomberg laying out the case for a weak yen based on the very ugly set of economic fundamentals and debt picture facing Japan.… More…
In One Emerging Currency, Volatility Counts for Something ...
This isn't an entirely new idea - we've made the connection in Currency Currents before and have since seen it presented elsewhere.… More…
Triple-think currency payoff?
Describing Russia, Winston Churchill said, "Russia is a riddle wrapped inside a mystery inside an enigma." I wonder how he would describe modern China; I think it would be fun to hear that quip.… More…
Video Edit: The Global Stimulus and Emerging Markets Show
The latest G-20 communiqué said nothing new. You know ... where the leaders told us they're not yet ready to rein in the stimulus they've provided to their respective economies.… More…
Dollar higher on reported APEC buying
My reaction to the Mr. Geithner's comment about a strong dollar is the typical reaction I bet; there is good reason. That's because for about seven or eight years we have been told by Treasury Secretaries present and past that a strong dollar is good for America.… More…
Smooth-Talkers in the Far-East
For several years now most analysts have understood the way in which China reports their economic data. China says what its people, and often times the rest of the world, need to hear.… More…
Bubble Theory Battle Royale
I spoke at a conference yesterday. It shall remain nameless in order to protect the guilty. What was most funny/incredible/nutty is a belief by said conference chief the US dollar, and in fact all paper currencies, will disappear within 10-years.… More…
Risk-Takers are Getting Back in Gear
We all know that's the bet gold bugs are throwing their chips on. And hey: why not? If the market is stopping at the early rungs on the logic ladder then that's how we can expect prices will behave, for now.… More…
Change in Gold-Dollar Correlation
We recently warned of the potential for changing correlations, no sooner was the ink dry than we noticed a a big one concerning gold and the US dollar index...… More…
And the week isn't even over yet ...
The FOMC did nothing yesterday, as expected. The markets were crazy early on ... and then again following the meeting. (A whole lot of jockeying, as Jack likes to say.)… More…
Who leads and who follows...
I recently downloaded Caesar's Confessions on to my I-pod so I could listen while doing my strenuous exercise, which consists of a walk around the neighborhood once the US session is finished.… More…
Glenn Stevens says no more carry-trade, for now ...
The profit-taking may have already begun after seeing the US dollar muster up strength here and there over the last couple days. But either way, RBA governor Glenn Stevens and his boys are seeing that the profit taking lasts a little bit longer.… More…
A Potential Premise that Fools the Crowd Big Time!
Excess Reserves on Bank Balance Sheets...this chart is almost comical in its appearance. Thus, no surprise lending to the real economy has declined this year as financial markets soared...but still hard to fathom given the weight of all that money...… More…
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