Europe Baking its Own Cake
Will the world economy be able to continue its recovery process as global monetary stimulus measures are phased out?… 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
- A self-feeding loop of confusion...
- Reader Mailbag: "Two words for delusional China bulls: PER CAPITA"
- Two words for delusional China bulls: 'PER CAPITA.'
- 11 reasons that justify the Federal Reserve's monetary policy
- Japan's 31-year winning streak breaks. (That's likely not good for global liquidity.)
December 2009
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December 2009 Monthly Archive
Twelve Themes of Christmas (guesses, wishes, and concerns)
The dollar has bottomed on a multi-year basis after a major test in 2009. Interest rates are going higher as this recovery "normalizes" in 2010; we see 5% on the 10-year T-note before the year is done.… More…
The yen will take back carry trade crown in 2010!
Any dollar bull story must consist of the Mr. Greenback relinquishing its role as carry trade currency i.e. primary major currency borrowed to fund risky asset and other high yielding investments.… More…
Rising relative yield differential is good for the dollar
Last Friday I penned Growth and inflation? Key to our 10 reasons the dollar has bottomed. I hope you believe me now. One of the key points to the dollar move was "Carry trade idea history."… More…
Good On the Dollar
Well, this is something we haven't exactly seen in a while. The US dollar is making good on positive fundamental developments; granted it's being helped along a bit by ongoing worries in Greece.… More…
Monetary Policy and Emerging European Currencies
So we've been harping on the rising concerns in Europe and what they may ultimately mean for the euro. But it's clear that the worries are not confined to the EMU.… More…
Centered on Eurozone
I am looking around this morning and there are all kinds of economic tidbits and news stories that, in isolation, could prove meaningful. But one item is particularly catching my attention ... and everyone else's, it seems.… More…
Keeping a Lid on Volcker Means Keeping a Lid on Risks
In one of several brilliant campaign moves, Barack Obama enlisted the service of several big names to lead his economic decision-making. Why? Well, probably because he realized that he had no relevant experience of his own from which to lead.… More…
Growth and inflation? Key to our 10 reasons the dollar has bottomed
Today's US price data a bit hotter than expected this morning. China boom numbers out last night. And guess what, the dollar likes what it sees.… More…
Excuse me Mr. Brown, Mr. Sarkozy - say what?
In The Wall Street Journal yesterday, Mr. Brown and Mr. Sarkozy, of Britain and France respectively, penned a piece for WSJ readers. Let's start with this ...… More…
Uht oh--Euro!
ECB fiddles while Athens riots. It just doesn't work as well as "...Rome burns." But I think you get the picture… More…
Contributing thoughts ...
I've included a link at the end of this article where Jack is talking to HoweStreet.com ... discussing the expectations for the US dollar and its counterparts, as well as our perspective on Japan, UK, Eurozone and the potential for global market fallout from Greece.… More…
Is Bob right?
I spoke to my father-in-law this weekend; he called to tell me he is digging through his walls now to see exactly how much inventory of gold he has on hand; his yard sale may begin soon if we see a couple more days like last Friday.… More…
Surprise!
"Houston this morning broke a record with the earliest snowfall ever recorded in the city's history," the Houston Chronicle reported.… More…
Eurozone Recession: Over!
A second look at third-quarter GDP today showed the countries that collectively make up the Eurozone escaped that dastardly negative growth thing. Or maybe it’s more accurate to say they collectively escaped recession. Yeah?… More…
Is gold hinting at a global economic earthquake - Protectionism!
Gold may be telling us a story. That story likely goes far beyond the run of the mill US dollar weakness we hear daily; otherwise the US dollar based on pure correlation would be well into all-time new low territory and free fall (not to suggest it can't get there still).… More…
Phew ... I'm Glad that's Over ...
Thank goodness the Dubai default fiasco is finally behind us. A couple days of global market chaos is enough. Now we can go back to our normal routines - buying dips and selling dollars.… More…
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