Currency

Nearing An Inflection Point: Watch The USD

Posted by Cam Hui

on Monday, 26 August 2013 14:04

USDwatchIf the USD continues to rally, it would be negative for commodity prices. We saw that last week as the USD strengthened across the board against virtually all currencies and commodity prices and deep cyclical stocks struggled. Last week, I highlighted the turnaround in industrial commodity prices as a positive sign for the deep cyclical sectors. The bottom panel also shows the low and negative correlation of industrial commodity prices to the USD.

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France: On the Edge of the Periphery

Posted by John Mauldin

on Monday, 26 August 2013 13:49

FranceFrance: On the Edge of the Periphery
“No: France Is Not Bankrupt” – Really?
So What Is the Catalyst for a French Crisis?
France Cannot Be France Without Greatness
San Antonio, Chicago, Bismarck, Denver, and Toronto

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The Microsoft challenge Steve Ballmer leaves behind

Posted by Shane Schick, yahoo finance

on Friday, 23 August 2013 18:43

MicrosoftI’ll never forget the sheer physical presence of Steve Ballmer the first time we met. It was a little intimidating to shake the hand of the man who had only recently become Microsoft’s second-ever CEO, and he had a very firm grip. He seemed like the kind of guy who could easily bust a door or break some Windows. Instead, he may be remembered as the guy who broke Windows.

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Statistics Canada says Canada’s annual inflation rate was 1.3 per cent in July, up from 1.2 per cent the previous month.

A sustained downturn in Canadian capital markets claims its first big foreign victim Friday, as Stifel Financial Corp. shuts down its Toronto and Calgary operations and lets go of 60 people.

Businesses such as stock underwriting and trading have plunged, eating away at profits for investment dealers in Canada – particularly smaller ones – and forcing some firms to close or merge.

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