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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 [...]

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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 [...]

Update 19 Jan 2010: In light of Euro weakness and the fissures in the Eurozone economy, one should how the dollar is going to fall precipitously as many have been arguing for months. The Chinese have pegged their currency, the Eurozone has its own problems, the Brits, Japanese and Swiss are running the printing presses.

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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In five minutes we get GDP revisions.  Here is what Brown Brothers Harriman’s currency team says is happening in markets ahead of that data.  Basically, it is a resumption of the weak dollar trade with gold, oil and foreign currencies all benefitting. Let’s see how the GDP revisions change that calculus.
The US dollar is weaker [...]

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You have probably seen stocks down today.  The dow is off nearly 200 points and the Nasda is down 50.  But, everything American is getting whacked today. The U.S. dollar, stocks, and bonds.  Look at the chart on Treasurys here – especially the long end.

Something is happening in terms of how investors see the risk [...]

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Not to go all bearish on you here, but I do think it is significant that a number of market pros are coming out of hiding and predicting some major turmoil.  The latest in this group is Jim Rogers.  He thinks we are about to have a serious currency crisis, with the U.S. dollar tanking [...]