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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It's getting ugly out there. So ugly that Paul Krugman is renewing his call for more government stimulus. And based on the darkening picture for the US economy (not to mention the global economy) and US asset markets, we can't blame Keynesians for feeling a sense of urgency.… More…
Dong, dong, dong....as the hour of Big Ben's speech this morning from Jackson Hole approaches, bets are being lined up as whether Mr. Bernanke will indeed rev up his helicopter for yet another strategic drop...… More…
The change in mood among market participants from July to August is palpable. It can be seen throughout the globe, but let's stick to the US for now. The uncertainty factor is again in play on growing concern about a double-dip recession.… More…
A friend wrote to me the other day and sent a link to an article on Bloomberg.com wherein the IMF former chief economist argues the Fed should hike interest rates. My friend wrote… More…
We think stocks are cheap relative to bond yields, but that doesn't mean stocks can't collapse. Super low yields say a lot about growth prospects ... and all the capital investment not made goes to bottom line.… More…
Central to a full understanding of dissipative systems, and especially those in symbiotic relationships, is the concept of system feedback (Stear, 1987). Complex systems with feedback loops that allow for self-renewal are called autopoietic structures.… More…
I read with interest the decision by Stanley Druckenmiller to close his global macro hedge fund. The guy was good--very good. He quietly went about his business of thinking about how the world works and positioning in front of capital flows--in or out--and got it right most of the time.… More…
