By all accounts there is simply too much oil being produced right now and its showing up everywhere. Saudi Arabia is pumping barrels like there is no tomorrow, Qatar is doing the same, Iraq has raised its production and most importantly Iran could be shipping
When I was a kid one of the first things my father said I needed to understand about life was that governments lie. I was so young when he first told me this I could not at all understand why a government would lie
In early November last year we had made a bet with clients that Venezuela’s bolívar fuerte would weaken to USDVEF 200 by January 1st of this year. We were wrong. It hovered in the 175-190 range.
We live in Miami and the one question we get from investors all over the world is “should I invest in Miami real estate?” Our go to response is that we don’t advise on real estate investments. As of late this doesn’t seem to satisfy
As I write the powers that be in Brussels debate Europe’s future and how Greece plays a role in it. There has never been a question in our mind as to whether or not Greece will leave the EU, it has always been a matter
Hong Kong is an amazing place. It is a sophisticated country with well developed laws and markets that promote freedom and prosperity. It is consistently ranked as one of the easiest places in the world to do business. It is one of the most important
Bloomberg reporting today that Denmark’s largest pension fund is not at all worried about the EURDKK peg breaking. Sigh, where to begin?
War destroys wealth. Here’s a visual of Ukraine’s currency tanking today. Any coincidence that Secretary Kerry arrived today?
For those that jumped on the bullish EURUSD freight train yesterday you better jump back off before it wrecks. The ECB has announced today the removal of the credit rating waiver for Greek bonds.
So the Syriza party has won. FX markets are opening back up and as you can see the EURUSD is back under pressure to the downside. There is nothing surprising about this election nor about the movement of the EURUSD. The Greek tragedy is far