You’ve likely heard the term “petro-dollars.” It originated in the 1970s, when Secretary of State Henry Kissinger struck an agreement with Saudi Arabia requiring that any country that wanted to…
Central Planners Wrong Again
Based on action by central bankers, the euro should be weakening relative to the dollar, yet just the opposite is happening. The Federal Reserve Board has been raising interest rates…
The Big Disconnect
Imagine being stuck in a blizzard. You look out your window and can see the snow piling up outside, yet the meteorologist on your TV is forecasting continuing sunshine and…
Why It’s Called “the Almighty Dollar”
It may be a good time to plan that European vacation. The long-weak dollar is gaining strength again, which means you may be able to afford good food, good wine…
It’s Only Money
“Money often costs too much.” …
The Dollar Is In Danger
It’s a sign of America’s strength and its position as leader of the free world that the dollar is the world’s reserve currency. Just as English is the closest we’ve…
Sequestration: The Crisis Du Jour
It’s crisis time again in Washington, D.C. Having just barely avoided a swan dive off the fiscal cliff, the leaders of our country are now locked in battle over the…
No Recovery For Most Investors
Two factors make reaching the 10,000 milestone for the Dow what Dorsey Wright calls “the quintessential Pyrrhic victory” for many investors around the world. First, bond funds attracted net deposits…