Jack the Pipper

We recently began a currency options service after a hiatus due to market and other circumstances.

There is a lifecycle of a trend. And breaking it down into five stages might look something like this:

France’s large dose of “socialism with French characteristics” under President Hollande doesn’t seem to be working.

For disclaimer purposes, we are short NZD/USD. So yes, I am “talking my book,” as the expression goes.

It is interesting watching the PR machine inside and the dupes in the financial press outside of China spin the Third Plenary Session.

The continued rise in the stock market prompted Jack to ask Terence Brogan of Brogan Group Research if we’ll see risk aversion rear its head ever again.

Perhaps you saw my comments last week BEFORE the European Central Bank surprised the markets with an interest rate cut.

Well, the downward revision of growth from 1.2% to 1.1% is certainly not jaw-dropping.

If we assume financial assets represent a claim against real assets, then it’s not a stretch to say financial asset valuation is way out of whack relative to the real economy.

Thirteen months ago in a Currency Currents I wrote a long piece titled, “Ben Bernanke – The Shadow Dancer.” I explained why QE3 would fail.