I’ve been accused of being obsessed with the Federal Reserve and I guess to some degree, I am. I see the Fed as the biggest obstacle to real reform of our economic system. I don’t care what you do to treat the symptoms of our economic disease, if you don’t get rid of the cause, [...]
Malaysia joins the growing list of countries moving to conduct trade with China in their own currency rather than the dollar (via WSJ):
BEIJING — Malaysia’s prime minister said China and his country are considering conducting their trade in Chinese yuan and Malaysian ringgit, joining a growing number of nations thinking of phasing out the dollar.
“We [...]
Commodity speculation is in the news again. The Obama version of the CFTC is apparently about to issue a report blaming the volatility of oil prices on “index speculators” (via Market Watch):
Speculators’ index trading is “creating price disruptions for producers and consumers,” said Sen. Carl Levin, D-Mich., late last month after the release of a [...]
I hesitate to write this since I heard it so much today on CNBC, but the market is quite overbought here. That’s a term that gets tossed around a lot without much definition, so let me take a stab at actually defining the term. What it means is that the market has moved up at [...]
