It is the 15th of September 2019

News

Taleb Explains How He Made Millions On Black Monday As Others Crashed

Former trader and author of best-selling book “The Black Swan” sat down for an interview with Bloomberg News to mark the upcoming thirtieth anniversary of the stock-market crash that occurred on Oct. 19, 1987 – otherwise known as Black Monday.

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Inflation is no longer in stealth mode

  • IHS Markit index shows UK households pessimistic about finances for 2017-208
  • UK household finances remain under intense pressure from rising living costs
  • 58 percent of respondents expected higher interest rates in 12 months time
  • Inflation in the United Kingdom currently at near four-year high
  • Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
  • In May consumer spending in the UK fell for the first time in almost four years

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes, The Economic Consequences of the Peace (1919)

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What Alan Greenspan Is Most Worried About

Jeff Gundlach is not the only person who is feeling "maximum negative" on Treasuries.

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Decoupling FOREX investing from trading

Forex is a trader's market.  So many complex factors go into foreign exchange rates, it's really impossible to conclude what will be the EUR/USD in 1 year, 10 years, or 50 years - as explained in Splitting Pennies.  Investing in Forex is like betting on the weather.  And frankly speaking, given the right climate, it can work.  For example, during the post 9/11 global market, it was assumed that USD would go down, and it did - thus propping currencies like NZD, EUR, GBP, and others.  Take a look at the monthly GBP/USD chart - interesting to ponder also because of possible Brexit looming:

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