Monthly Archives: October 2008

Yesterday we got a sell on the US dollar. After our buy last November, we were up 21% on the currency while holding US T-Bills, so we were quite content to take the profit. The US dollar was incredibly over-bought … Continue reading →

We are living in remarkable times. History is being made every day in every way. This afternoon, the US Federal Reserve cut the benchmark rate by .50% to 1%. Again. This is the second time they have cuts rates this … Continue reading →

Roubini this morning on Bloomberg reminding us that we are about half way through this likely 2 year US recession. I agree with his call on this. He believes stocks could get a lot cheaper yet. I also think that … Continue reading →