My wife has been performing the “plank” at her local running club for over a year now. For those of you who are scratching their heads, this is a core strengthening exercise whereby you hold a “plank” position for an extended period of time. Staring at her amazing abs and then
All pegs break! Capital flows have shifted. They are heading from the periphery back to the core. It’s a rotten core but it’s the only core we have. That core for the time being is the greenback. It is happening in fits and starts but across almost every currency cross
A question to begin today’s discussion… Which is riskier: corporate or public debt? If I lend $1,000 to my neighbour and take his bicycle worth $1,000 as collateral, which is what pawn brokers do, I have a quantifiable risk. I also have collateral which I can trust. I can see, feel
If you think that the “bullish USD trade” is too overbought – well, you might have to rethink or at least try not to think too much. My feeling is that the “big” move in the USD we have witnessed over the last 6 months is only just the start
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