Thursday, December 18, 2014

Place Your Bets

















The Federal Reserve maintains a steady hand, signaling "normalization" (higher interest rates) to come in the middle of 2015.  The dollar rallies. Stocks rally.  Bonds sell off.  I buy the USD/JPY and sell the EUR/USD.  The correction in the stock market seems to be over.  Santa Claus is here.

Sunday, December 14, 2014

El-Erian's Oracular Buzzings


























Mohamed El-Erian expects the dollar to be strong next year.  He also describes a multi-track global economy.

Dollar rally to continue.


Multitrack Central Banking