Financial Sense

Dollar May Not Peak Until 2019, Says Marc Chandler
FS Staff's picture

By FS Staff – Marc Chandler from Brown Brothers Harriman discusses the US dollar's recent breakout, why he expects it to consolidate and then move higher into next year, and his concerns regarding how low the Fed funds rate is upon entering the next recession...

R.I.P. Bretton Woods
Marc Chandler's picture

By Marc Chandler – On this day in 1971, US President Nixon broke the last formal links between the dollar and gold and ushered in the modern era of floating exchange rates. What was a necessity has become a virtue...

Yuan Continues to Slide; Copper Getting Crushed
Peter Boockvar's picture

By Peter Boockvar – Today is less about Turkey as the lira is up about 3% (after Turkey announced a limitation on banks level of currency swaps they can do which was being used to short the lira) vs the US dollar and...

King Dollar? Russian Ruble, EM Currency Weakness May Not Be Over, Says John Roque
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By FS Staff – Stock markets around the globe have come under pressure in recent days with a collapse in the Turkish lira and vulnerabilities in the emerging market space. John Roque at Key Square Capital Management recently told Financial Sense Newshour...

Saudi Arabia and Iran Reignite the Oil Price War
Oil Price's picture

By Oil Price – The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share...

Dollar Breakout Threatens Rally
Matthew Kerkhoff's picture

By Matthew Kerkhoff – The story of 2018 has been one of U.S. growth, but not necessarily global growth. While most major economies around the world are still expanding, they have been decelerating or holding steady...

Pension Crisis on the Horizon
FS Staff's picture

By FS Staff – “If you were a state or a municipal worker in a troubled state, you should be made aware of it,” Puplava said. “In the next decade, you're going to see many of these states begin to reduce benefits to retirees. It's already happening right now...

Sanctions, Oil, and the Emerging China-Russia-Iran Axis
Global Risk Insights's picture

By Global Risk Insights – Although China has backpedaled on proposed tariffs on US crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China to play the oil card in the future – including imports from Iran despite sanctions and drawing closer to Russia.

Turkey Default Risk Spikes to 2008-2009 Crisis Levels; Possible Contagion, Warns Russell Napier
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By FS Staff – All focus is on Turkey right now as their currency goes into freefall and 5-year credit default swaps (insurance against default) have now spiked to levels last seen during the 2008-2009 financial crisis. Russell Napier warned that Turkey...

A Blockchain-Based AI Will Be Impossible to Shutdown, Expert Warns
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By FS Staff – According to Lex, we're now in the process of creating AIs called “decentralized autonomous organizations” that, essentially, won’t be able to be turned off, stopped, or shut down by the government. Here’s what he had to say on today’s podcast...