Relevant and even prescient commentary on news, politics and the economy.

I’m converting dollars. (In order to save the rustbelt)

With all the discussion about our plight money wise I thought it would be interesting to see just how distorted our view can become depending on what factor we choose as a comparison. Also, I find this site fun. So, just how do we compare today to the fondly remembered yesterday? I am very grateful […]

INT’L RATE SPREADS &THE DOLLAR

Here are some charts to demonstrate what I was talking about. the recent drop in US bond yields has not been accompanied by a similar drop in European rates.Consequently the spread between US and foreign bonds has narrowed and it no longer compensates foreigners for the currency risk they take when investing in the US.The […]