Portfolio Selection for 2012
To say that this was an interesting year is certainly an understatement. To briefly restate the well-known issues, the lackluster US economic recovery, lack of direction from Washington, Arab spring, increasingly aggressive stance against Iran, Greek debt and Euro troubles, are just to list a few. We should probably refer to the “interesting” year as what the Chinese culture refers to “interesting”, meaning it is challenging or troublesome. With high …
Monetary Collusion Masking A Vulnerable Aussie Dollar
Jack Crooks: This week global central banks announced a coordinated effort to inject liquidity into credit markets. From Reuters : “The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland announced on Wednesday coordinated global action to provide liquidity to the financial system, lowering the price on existing dollar swaps.” As frequently as these monetary powers must work together in world-saving plans, this is only the third instance of this particular type of announced collusion. The first was in December 2007.