 Black Swan Capital
|
Last Activity: Today 03:02 PM
About Me
-
Signature
- John Ross Crooks III
Black Swan Capital
Currency Currents is strictly an informational publication and does not provide individual, customized investment advice. The money you allocate to futures or forex should be strictly the money you can afford to risk. Detailed disclaimer can be found at http://www.blackswantrading.com/disclaimer.html
*No warranties or guarantees are made with respect to the content contained herein. The website and the guests on this site do not take into account the investment objectives, financial situation or particular needs of any particular person. The advice and trading ideas provided on this website are for informational purposes only and are not intended as a trading ideas. Under no circumstances does any advice or trading idea contained herein constitute a solicitation to buy and sell currencies. We do not endorse and cannot vouch for any of the guest traders on this site.
- John Ross Crooks III
Blog
View Black Swan Capital's BlogRecent Entries
Latest Blog Entry
Posted in
Uncategorized
Last month, we did notice that US consumer credit rose unexpectedly. It didn’t seem to get much press, as all eyes were focused on non-farm payroll.
[monthly consumer credit chart below]
The question is: Is a snapback coming? Yes, answers Morgan Stanley’s Richard Berner [our emphasis]:
[monthly consumer credit chart below]
The question is: Is a snapback coming? Yes, answers Morgan Stanley’s Richard Berner [our emphasis]:
Private credit demands are poised to rebound, following a record-setting bust over the past 18 months. The bursting of the housing and credit bubbles promoted massive loan losses that decimated the capital at leveraged lenders, forced deleveraging of intermediaries' balance sheets and promoted the most severe credit crunch in 70 years. In our view, that sudden withdrawal of credit availability, which actually began in the...
Posted in
Uncategorized
Have a look at this gem from Ambrose Evans-Pritchard: Is China’s Politburo spoiling for a showdown with America? I won’t comment on it since we’ve included much of these same ideas frequently in the pages of Currency Currents already; nevertheless he presents these ideas forcefully and succinctly. Here’s an example of the Chinese delusion that Evans-Pritchard points out:
Days earlier the State Council accused America of serial villainy. "In the US, civil and political rights of citizens are severely restricted and violated by the government. Workers' rights are seriously violated," it said.Sure, that’s the nightmare scenario in the US ... if complacency among US citizens ever allowed intrusive socialist and communist...
Posted in
Uncategorized
Note: The body of today’s issue is a reprint from 14 August 2007.
How many times have you heard this little piece of inanity uttered: “Markets hate uncertainty.”? I heard it said on Friday as I was “passing through” one of the TV “financial” shows on my way to the Home and Garden Channel—the only place safe on the dial for me. Every time I hear that “uncertainty” phrase uttered, it just drives me nuts!
Why in the heck would anyone in their right, or wrong, mind ever think markets have certainty? If they did, the quant funds wouldn’t be blowing apart right now. If they did, we would have no such thing as a dynamic pricing system. Market certainty is standing in line for eight hours for a loaf of bread in the old...
How many times have you heard this little piece of inanity uttered: “Markets hate uncertainty.”? I heard it said on Friday as I was “passing through” one of the TV “financial” shows on my way to the Home and Garden Channel—the only place safe on the dial for me. Every time I hear that “uncertainty” phrase uttered, it just drives me nuts!
Why in the heck would anyone in their right, or wrong, mind ever think markets have certainty? If they did, the quant funds wouldn’t be blowing apart right now. If they did, we would have no such thing as a dynamic pricing system. Market certainty is standing in line for eight hours for a loaf of bread in the old...
Posted in
Uncategorized
Let’s lead off with this ...
BEIJING, March 12 (Reuters) - The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched towards a potential bust-up over Beijing's currency regime....
The latest rhetorical salvoes underlined how long-running friction caused by the yuan's de facto dollar peg could come to a head next month when U.S. President Barack Obama's administration decides whether to brand China as a "currency manipulator".
People's Bank of China Vice Governor Su Ning said the United States should look to itself to boost exports and not cast blame on other countries, when asked to comment on remarks on Thursday by Obama,
Posted in
Uncategorized
Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian capacity utilization, import and export figures and the trade balance.
The consensus is expecting an improvement on all counts. And though imports and exports are expected to pretty much offset each other, the gains from the prior period are expected to favor exports.
Regardless of today’s reaction – up or down – of the Canadian dollar, it’s likely to be a big reaction.
I say that because the Canadian dollar is so far little changed from when markets opened up in Asia overnight. And we’ve gotten through the markets opening up in Europe, too, without much change.
This tight, sideways trading inherently...
The consensus is expecting an improvement on all counts. And though imports and exports are expected to pretty much offset each other, the gains from the prior period are expected to favor exports.
Regardless of today’s reaction – up or down – of the Canadian dollar, it’s likely to be a big reaction.
I say that because the Canadian dollar is so far little changed from when markets opened up in Asia overnight. And we’ve gotten through the markets opening up in Europe, too, without much change.
This tight, sideways trading inherently...
Recent Comments
cji group ltd
Help! live in the
