It is a pleasure to have sat down with the paradigm of global macro, Dr. Marc Faber. We, alongside Richard Bonugli, talked commodities, currencies and bond markets. Enjoy the podcast and make it a double of your favorite libation. No, it’s not doom and gloom. It’s insights into the current global financial situation presented with potential investment opportunities.
But first, let’s review a few things:
Tags:currency manipulation, Federal Reserve, Jerome Powell, Marc Faber, Podcast, SNB, Swiss Franc, U.S. fiscal stimulus, Washington
Posted in Currency, United States | 7 Comments »
As the polls expected, the Spanish election offered no surprises as the Center Right Popular Party appears to have attained an outright majority and the socialist party has been trounced. The markets appear to want to believe that this outcome is EURO POSITIVE AND SPANISH AND ITALIAN DEBT POSITIVE BUT I WARN THAT IT AIN’T NECESSARILY SO. Did the PP win a historic election so that they can deliver MORE AUSTERITY TO THE SPANISH PEOPLE? HOW MUCH ECONOMIC CONCESSIONS ARE THE SPANISH PEOPLE WILLING TO MAKE? IF THE ANSWER IS VERY LITTLE, THEN WHAT NEXT FOR THE EUROPEAN UNION?
Tags:BTP/bund futures, Debt, Dexia, Dollar, Draghi, ECB, Euro, Italian bonds, Merkel, PIIGS, Spanish bonds, Spanish elections, Supercommittee, Washington
Posted in Debt Market, ECB, Europe, Spain, United States | 3 Comments »