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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We are fortunate to have some very smart readers of Currency Currents. I learn much from them. JC, a reader of ours, nailed my sentiments toward trading in this market.… More…
China's real debt level appears to me much larger than anyone seems to know -- even the Chinese. This kind of thing happens when you provide stimulus to your economy ranging from 50% to 75% of your entire GDP and allow your banking system to create even more leverage with a multitude of so called "off-balance-sheet vehicles." Sound familiar to anyone? This movie ended badly during its first run.… More…
Continuing along the theme of declining liquidity hitting the metals markets, I share with you a chart of silver I sent to Members of our Options Predator service last week… More…
Unless you are either deaf or dead I am sure you have heard the incessantly ubiquitous 'Buy gold!' commercials on TV, on the radio, while eating breakfast, riding your bike, getting a cavity filled, etc. etc. etc.… More…
I will be the first to admit it: it is a sad state of global affairs when anyone can believe, as I do, the US dollar can rally in the morass the US finds itself ensconced. To say we are witnessing a global ugly contest in the world of currencies doesn't do ugly justice.… More…
It looks as though Europe will be somewhat relieved after this week. Crude oil prices have fallen about 8 percent in one week's time. The high prices contributed to an April trade deficit in the eurozone as the value of imports outpaced exports.… More…
I poked a bit at James Turk yesterday, asking whether he was right to think gold will benefit from a flight-to-safety bid in the wake of a sovereign default. I think he could be wrong. But he is right about something. … More…
A saw a prediction today stating that gold will reach $5000 an ounce because of a global supply deficit. Sure there are some industrial applications for gold, but will gold be consumed (and hoarded) to an extent that future mine supply and production won't be able to sate?… More…
You may know already, but if you don't: I don't like Larry Summers. To me he is the poster child for the smarmy Northeastern liberal who thinks he is the Master of the Universe (there are so many of these clowns out there it's hard to count them all).… More…
I watched European Central Bank chief Jean Claude Trichet on Reuters TV yesterday during his press conference; all I could think was Kabuki.… More…
I think we need only look at one chart to understand the vulnerability of risk assets fully-priced for future growth; it is the global purchasing managers' index and it shows all the major countries turning over that the same time.… More…
Quotable "Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted." Ralph Waldo Emerson Commentary & Analysis Smokin' ... Or Smoke & Mirrors? There's something peculiar about crude oil ... Last...… More…
No, this quote is not referring to the USA ... or it would have read "the land of right-wing extremists." This quote refers to the gold market.… More…
Hmmmm. Interesting to see how US inflation lags outside inflation. But that last bit of research (perceived perhaps based on expectations built from past inflationary periods) seems somewhat at odds with the interpretation of US manufacturing I included earlier. … More…
I am going to start off today with something I have shared here before--the China Treadmill: Virtuous to Vicious? I want you concentrate on that highlighted in red, where it says "Investment Dependence."… More…
