Market Focus: Global/International
- Jun 18 India’s Energy Ties With Iran Unsettle Washington by Oil Price
- Jun 17 King of the Crumbling Mountain by Thomas J Smith CFA
- Jun 14 Can the World Afford Higher Interest Rates? by James Gruber
- Jun 14 How the USA Captures Whistleblowers and Other Political Enemies by Mark Nestmann
- Jun 14 Long-Term Look at the Nikkei by Carl Swenlin
- Jun 12 Felix Zulauf: Japan Will Be the Root Cause of the Next Global Crisis by FS Staff
- Jun 12 Australian Dollar Plunges as Home Loans Dive by Michael Shedlock
- Jun 12 A Futures Market for North American LNG Exports? by Keith Schaefer
- Jun 12 Banzai! Banzai! Banzai! by John Mauldin
- Jun 10 Going to Extremes: Why Weather Patterns Are Becoming More Expensive by Evelyn Browning Garriss
- Jun 10 How Much Investment Is Optimal? by Michael Pettis
- Jun 07 High Oil Prices Are Starting to Affect China and India by Gail Tverberg
- Jun 06 Why It Pays to Invest in Emerging Market Dividend-Payers by Frank Holmes
- Jun 06 Investors Not Impressed With Abe's "Third Arrow" by Bill Witherell
- Jun 06 Slowdown in Canada Brings Even Odds of Recession Next Year by BCA Research
Puru Saxena: China’s Real Estate Bubble Is a Disaster Waiting to Happen
Jim welcomes back Puru Saxena, Editor and Founder at Money Matters and Puru Saxena Limited in Hong Kong. Puru is very concerned about the real estate bubble still building in China. He notes there are “ghost cities” all over China and it will end very badly. Even prices in Hong Kong are out of control. Puru sees the most value currently in US real estate and stocks, and is his moving his investment assets to the US. He sees Europe as a mess, Japan as a mess, and China as the next major bubble to burst. Given those assessments, Puru believes the US is by far the best, and safest, place to invest in the current environment.
Felix Zulauf: Japan Will Be the Root Cause of the Next Global Crisis
Jim is pleased to welcome back Felix Zulauf, president of Zulauf Asset Management AG and Co-CIO of Vicenda Asset Management AG in Zug, Switzerland. Felix and Jim cover a wide range of global macro issues, including today’s deflationary environment versus the inflationary 1970’s, Japan as the likely catalyst of the next global crisis, why the bond market is in trouble, and that gold could decline before another buying opportunity. Felix also does not believe that the Fed will ease off its QE program in 2013.
Brian Pretti: QE Here to Stay in One Form or Another
Jim welcomes back Brian Pretti CFA, Managing Editor at ContraryInvestor.com. Brian sees Quantitative Easing in some form as here to stay. He doesn’t feel the Fed is able to “tap on the brakes” any longer. The new brakes are the “open-mouth committee”. Brian sees foreign capital coming into the US, buying real estate, stocks and bonds. He believes there is a risk of a market melt-up at the end of the year, with global capital flooding into the US to buy equities.
John Butler: Currency Wars - Is the US Covertly Intervening to Support the Dollar?
Jim welcomes back John Butler, Chief Investment Officer at Amphora Commodities Alpha Fund in London. John poses the question; might the US may be covertly intervening in the foreign exchange markets to support the US dollar? Because of the Federal Reserve’s QE policy, the pressure is building on the dollar. If foreigners dramatically accelerate their diversification out of dollars and into other currencies, and gold, the US would face a dilemma. The US could allow interest rates to rise to stabilize the dollar, triggering a recession, or it can continue to suppress interest rates but watch the dollar fall sharply, triggering far higher inflation and economic (and perhaps political) instability. John believes the US may take a third path, continuing to suppress interest rates through QE, but covertly intervening on foreign exchange markets to support the dollar. Desperate policymakers sometimes do desperate things.