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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What the hell does it mean anymore? Really? "A Strong and stable dollar is in the best interest of the US and global economy." What does it mean?… More…
Commodities investment seems to be taking on a Malthus-like mindset. But there are some reasons why current expectations could be upset quickly and most of them start with Ben Machiavelli Sun-Tzu Bernanke.… More…
Maybe the European Central Bank hikes interest rates again as soon as June. Maybe the US Congress will continue to butt heads on deficit reduction plans. Maybe the Federal Reserve will resort to some new form of economic stimulus, aka QE3.… More…
China continues to believe it can make its problems just disappear. Running a country via a committee leads to that conclusion. The latest attempts, so far successful, have been the disappearance of anyone who comes close to saying something considered offensive as judged by the Ministry of Harmonious Speech and Thought Crime, a huge growth industry in China.… More…
One of our Members wrote to me yesterday, basically telling me I was "full of it" if I thought the US dollar was going to do anything but maybe bounce at best, and only because it is so oversold; then it is headed into the dust pin. He is saying there is absolutely nothing that can change that inevitability.… More…
One input to our US dollar bull market call at the beginning of the year was the potential shift in capital between the financial economy and the real economy. The stock market began a dramatic rally well before the US economic "recovery" took hold. And stocks have continued climbing.… More…
One of our background themes, no great shakes as others hold the same view, has been the idea the Bank of England summons any available raw material to try to avoid hiking interest rates. Just maybe today they got it, and the British pound is acting accordingly.… More…
As you likely know, the euro spiked (is still spiking) to a fresh intermediate-term high today, as the dollar is generally being whacked across the board--but there have been worse days for Mr. Greenie--many of them in fact.… More…
Word has it that gasoline demand is rather sluggish now that prices are rising pretty steadily. Recent weekly drawdown in gasoline stocks plus rising crude oil prices have supported gasoline futures, but is the picture as bullish as it seems?… More…
I was on the radio last Saturday to discuss currencies. Unfortunately I had some phone troubles and couldn't finish the interview. One of the things I was going to talk about before my phone went dead was the fact that the gentleman on before me (a smart and nice man whom I respect) was absolutely gushing over the Canadian dollar's huge rally.… More…
It appears the European Central Bank is going to hike interest rates this week. Of course inflation is the reason, or should I say, inflation inside Germany is the reason. All proving once again what the euro experiment is all about...… More…
The euro appears contained today. But what's new? The upcoming jobs report is the reason the euro isn't climbing again, even though next week the European Central Bank is highly expected to move interest rates up by 25 basis points.… More…
