Entering the Intervention Zone
One Around Two We are near the edge on a few situations in the FX markets. I’m watching the EURCHF and the USDYEN. The market traded EURCHF to a low of 1.2032 Wednesday. It closed at a (slightly) safer 1.2044. I would not be surprised to see this cross trade very close to the official peg of 1.20 in the not too distant future. There is no doubt More...
The $6,000,000,000,000 Man
How many Americans are aware that Barack Obama is on the road to accumulating $6 trillion in new debt by the end of his term? When George W Bush took office in 2001 the national debt was some $6 trillion. That means More...
Newt Interrupted – the Dark and Dangerous Vote in South Carolina
Like Brad Pitt, on Saturday the primary voters in South Carolina had a choice between a fresh faced All American, and a dark and dangerous beauty. Dark and dangerous won the day. For five years Pitt was married More...
The Keystone Pipeline and the Costa Concordia
It is hard not to notice the resemblance between the Captain of the US ship of state and the Captain of the Costa Concordia. Both men made a decision to please their most dedicated fans without regard for the possible More...
Greece, China and the USA
On Greece I spoke with someone from Athens today. It’s not a pretty picture. Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident. The closing More...
New Hampshire Primary Day Plus One, and The Invisible Man
It’s an anniversary of sorts. It was four years ago this week, the day after the New Hampshire primary when I first began to become an invisible man. It all started when I fell down dead on the living room More...
Mitt Romney – Poor Little Fool
Mitt Romney’s poll numbers in Iowa have not risen in four years. He earned 25% of the Republican vote in the 2008 Iowa Caucus and garnered 25% again this week. It was just enough to squeak past Rick Santorum by More...
On The Road to Casablanca Will Everyone Stop at Rick’s?
Iowa Republicans have spoken and their message is mixed. One thing is clear, however, they have decided to give Rick Santorum his shot at becoming the definitive anti-Romney. After flirting with Donald Trump, Michelle More...
Christopher Hitchens: Courage to be Contrarian
The passing of Christopher Hitchens this week leaves a deep intellectual hole in the English speaking world. A contrarian by nature, he first made his mark as an anti-imperialist Trotskyite of the 1968 stripe before breaking More...
On Corzine: MFG in the Fog of War
I watched Jon boy. I didn’t hear any smoking guns. That doesn’t mean there weren’t any. Keep in mind that Corzine has the best lawyer (for this) that money can buy. Andrew Levander has been advising the More...
