Jack the Pipper

Many are afraid the dollar is overbought and the run is done. No doubt, we will see ebbs and flows. But long-term, we haven’t seen capitulation yet to this dollar move.

The stock market of late seems to be noticing them. But commentators seem to be looking right past them–systemic risks. Why do I say that? Well, it seems every time I flip on the TV to a financial show, one mutual fund manager after another is trotted out to tell me this is a great buying opportunity.

After my Tuesday note on Latvia, I received two very informative emails pointing out my errors, omissions, etc. … as well as some additional noteworthy tidbits about the Baltics. I’ll get to those reader responses in a second.

Man, if she keeps this up, Mr. Sarkozy is in danger of losing his top spot as the Eurozone leader most prone to bouts of hyperbole.

Latvia: they were a big deal about a year ago, and maybe even before that, when the lending practices among Eurozone banks, EU countries and CEE countries posed a huge risk to growth across the region.

I have two dogs; a very big Rottweiler (for protection from Chi-Coms when I pen pieces like this) and a mutt. Usually they sit here in the office each day, just hanging out watching the market with me. They always seem to agree with my assessments–another reason I love them so.

Japan is trying to make credit easy but it likely won’t have the intended effect. What’s new? But what about credit in the rest of the world? Can we garner any investment clues? United States – Recovering after the worst decline in the last thirty years?

And to give you an insight into how my scary mind thinks about this stuff, I have created the following chart in an attempt to link these events in some convoluted way to suggest that just maybe a comdol (that’s fancy FX-trader talk for commodity dollars) bloodbath is in the making.

Now that global central banks are off the one-size-fits-all monetary policy, it’s starting to get exciting.

Party time! Excellent! Impressive! European leaders do know how to spike a punchbowl; that’s for sure.