• 658 days Will The ECB Continue To Hike Rates?
  • 658 days Forbes: Aramco Remains Largest Company In The Middle East
  • 660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,060 days Could Crypto Overtake Traditional Investment?
  • 1,064 days Americans Still Quitting Jobs At Record Pace
  • 1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,069 days Is The Dollar Too Strong?
  • 1,070 days Big Tech Disappoints Investors on Earnings Calls
  • 1,071 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,072 days China Is Quietly Trying To Distance Itself From Russia
  • 1,073 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,077 days Crypto Investors Won Big In 2021
  • 1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,078 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,084 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,085 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,087 days Are NFTs About To Take Over Gaming?
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

Road To Perdition or Gentrification?

A funny thing happened on the way to a lower low...

Europe momentarily suspended reality, dreamed of austerity, embraced calamity and believed in unity.

Then they woke up.

From my perspective, the only thing keeping the US dollar from embarking on an early 1980's moonshot - is our own political wranglings and posturing in Congress.

I realize that may come as a surprise.

What will happen if we actually get off our fiscal road of perdition (or perhaps just one wheel off for now) and onto a path of relative achievement and austerity?

I know - it's just a dream, but...

We might actually wake up and find that our own dilapidated fiscal house is built on the right side of the tracks and in a neighborhood about to go through a preliminary phase of gentrification. It won't be an easy path, and I do believe we will soon find that lower low I have been searching for - and perhaps more than we can comfortably chew for a spell.

But gentrification does not have to be a four letter word.

I always try to keep things in perspective. Here's a few charts that hopefully does just that.

Euro/Dollar

Euro/CRB

SLV SPX and FXE Weekly

FXE Weekly

Silver/US Dollar

 


Disclaimer: Position in UUP, ZSL & SPXU

 

Back to homepage

Leave a comment

Leave a comment