1 Aug 2022

Patriots for a Weaker Dollar

I sometimes include changes in the dollar in the market summary that precedes the data table above. I cover the dollar less and less, though, because it’s so abstract. That said, the dollar has been immensely strong recently, and it’s impacting our portfolios. Any patriot likes the sound of a strong currency – after all, a strong currency should reflect a strong country. And a weak or debased currency is… Read More

28 Jun 2016

Currency Prices are Efficient Too (and sometimes wrong)

The Brexit has caused legions of analysts, economists, strategists and other pontificators to busily rework their assumptions about the world economy incorporating what seemed like an outside possibility last week to the new lay of the land. Markets fiercely incorporated their new assumptions into prices almost instantaneously – looking a chart of the British pound, you can see when the polls started to show that the Remain camp wasn’t a… Read More