While Tim Geithner is out in the Middle East making the obligatory rounds, professing support for a strong U.S. dollar, investment strategists are wondering aloud whether a weak U.S. dollar is really what the U.S. government wants.  David Rosenberg put out the following note over at Gluskin, Sheff.
It is the second anniversary of the credit [...]

Central banks are not the only ones printing money to help get through this financial crisis.  Private citizens are increasingly turning to the printing press to help alleviate their financial problems as well.  My translation of an article from Finanzas, a major Spanish finance website, explains.
A total of 413,000 counterfeit euro banknotes were withdrawn from [...]

A few days ago I wrote a post “Japanese defend dollar’s status while China tears it down” in which I defended the Japanese support of the dollar, saying it was in no one’s interest to see a change in the currency markets right now.  I have to admit this was wrong-headed and short-sighted.  In truth, [...]

This comes via Brown Bothers Harriman’s Win Thin (no link available):
South Africa’s ruling ANC said that it was open to discussing demands by its labor union allies to nationalize its mines.  This is an astounding admission, and confirms our worst political fears with regards to the new Zuma administration.  First, they get rid of respected [...]

In the lead-up to next week’s G8 summit, the Chinese have been making yet more noises about setting up a new monetary system without the dollar as its anchor and leading reserve currency.  The Chinese, who have maintained a export orientation which has made them the largest holder of U.S. government bonds, are concerned that [...]

George Soros does not see what the alternative to the dollar is right now.  Yes, the Chinese are making noises about moving away from the dollar.  But, this is a long-term strategy.  Over the short-term, the Chinese still have trillions of dollar assets. What alternatives to the dollar are there?
Video below.

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Late last year, I predicted that China, as a major exporter to the West, would feel a huge impact from the meltdown in the global economy, taking it’s growth rate down to 2% (See Top ten predictions for the 2009 global economy). Forgetting about the fact that data are highly suspect in China, I see [...]

Dollar bears are getting their way in the currency markets right now.  While most eyes are peeled on Sterling (up 3 big figures since Friday) and the Euro, all currencies are rising against the Dollar (including the Commodity Dollar Complex – Auusie, Kiwi, and Loonie).  For me, the most interesting currency is the Swiss Franc [...]

As I write this, the U.S. dollar has fallen to new 8-month lows against the British Pound and oil.  Sterling is up over 2 big figures to 1.6371 while oil (WTI crude front month contract) has marched up near $68 a barrel.  Clearly the sell the dollar meme is still in effect in this new [...]

Marshall Auerback here with some thoughts on the UK given the recent stellar performance of Sterling.
“The Conservative belief that there is some law of nature which prevents men from being employed, that it is ‘rash’ to employ men, and that it is financially ‘sound’ to maintain a tenth of the population in idleness for an [...]