Archive - Jun 6, 2015

"The balance of power is beginning to shift. We are witnessing the emergence of a post-terror generation, one that rejects a worldview defined by a singular tragedy. For the first time since the attacks of Sept. 11, 2001, we see the outline of a politics that turns away from reaction and fear in favor of resilience and reason. With each court victory, with every change in the law, we demonstrate facts are more convincing than fear. As a society, we rediscover that the value of a right is not in what it hides, but in what it protects."

Grit your teeth if you have to.  Cry if you want to.  US labor market is improving and the dollar is strengthening.

It is not so much that Greece and other nations are facing severe financial difficulties. At the end of the day, most man-made problems are solvable, especially in finance. What truly worries us is that this widely diverse group is required to come up with robust solutions to very sensitive political and economic problems, with wide reaching implications. Accordingly, this Greek saga has been going on for five years, and we are now deeply in the realm of unpalatable solutions – if indeed one can actually be found.

Anyone remotely following the gold market, knows that the East is deeply connected with metals. They rightly believe that they are a safe store of value and have a deep affinity that has lasted throughout the ages.

There will be a tipping point where the advantage to be gained by badly impacting the dollar and positioning the yuan as new reserve currency will be greater than the disadvantage suffered by a collapse in the value of the dollar. The tipping point is closer than many believe.