Is there a ‘crash’ on the horizon? Oddly enough… that just might prove to be the case. Just below is a chart comparison from 1987. The chart shows crude oil futures and the CRB Index from 1983 through 1988.We are using the...
Read MoreApril 5 (Bloomberg) — Canada’s dollar rose to the highest level since it last traded on a one-for-one basis with its U.S. counterpart in July 2008 as crude oil rose above $86 a barrel, bolstering the appeal of commodity-linked...
Read MoreAround the start of 2010 we commented that we expected the equity markets to start the year off strong and end it weak. In past issues we have argued that cyclical growth has tended to push interest rates higher through the...
Read MoreFrom time to time- perhaps more often than we would like to admit- the ideas that we show in the IMRA are generated from ‘wonder if…’ musings. Today’s argument is based on the thought that the Canadian dollar simply will...
Read MoreMarch 26 (Bloomberg) — Former Federal Reserve Chairman Alan Greenspan said the recent rise in Treasury yields represents a “canary in the mine” that may signal further gains in interest rates. In certain respects the markets...
Read MoreSome time back in the mid-1980’s we attended a sales psychology presentation. The speaker described a house in three different ways- by the way it sounded, the way it felt, and the way it looked. When the audience was asked...
Read MoreThere often isn’t much in the way of rhyme or reason involved in our decisions to focus on one market or another. On a daily basis we tend to write about those issues or markets that we are thinking about. If we are mired in a...
Read MoreMarch 22 (Bloomberg) — The U.S. House passed the most sweeping health-care legislation in four decades, rewriting the rules governing medical industries and ensuring that tens of millions of uninsured Americans will get medical...
Read MoreWe are not sure how the markets will respond to the weekend vote on U.S. health care reform but, either way, it promises to make this week just a bit more interesting than usual. The entrenched dollar bears remain in apparent...
Read MoreIf we argue in favor of U.S. dollar strength we are, in fact, suggesting that other currencies will be weaker. In other words the dollar doesn’t have to be strong as long as the currencies that it is priced against are...
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