Jack the Pipper

Swiss Bank Chairman Thomas Jordan said today the Swiss franc is “considerably overvalued” and was concerned there may be a rush of funds into the franc if Greece were to leave the single currency regime.

The Australian dollar has fallen a long way from its high against the US dollar. And from a technical perspective may have done enough; at least it may be poised to “correct” higher in the near- to medium-term.

We are seeing a dynamic relationship between German stocks, 2-year benchmark interest rates, and the currency—EUR/USD.

Proudly spending other people’s money with little in the way of accountability might be considered hubris by those of a more conservative bent.

Supporters of the concept regard memes as cultural analogues to genes in that they self-replicate, mutate, and respond to selective pressures. That sure does sound a lot like a boom-bust cycle doesn’t it?

As you likely know for many years I’ve said the euro would do more harm than good as the collection of countries which embody the single currency regime was, and still is, not fertile ground for a viable common currency regime.

I’ve suspected for a while the NZ$, affectionately known as the Kiwi (with seems inappropriately named after a flight-less bird given how the currency has soared), has been overvalued against the US dollar.

The sound of the dollar-doom promoters selling snake oil from their swill buckets is growing loud of late. The last time these perceptive purveyors of doom where this noisy were when the dollar was putting in a bottom back in 2008.

Let’s face facts. People love to hear bad things. We ogle at train wrecks, we gather to watch buildings on fire, and we can’t get enough of crime scene tape.

I read an now that Bill “Captain Bligh” Gross has left the ship.