Archive - Oct 25, 2009 - Blog entry

Since the financial crisis last fall, currency markets have taken their cues mostly from stock markets. When stocks plunged in March of this year, investors rushed to the safety of U.S. government bonds, pushing the dollar index up to 89.62, the highest point this year. The value of the euro has risen by 79% in nine years since euro hit 0.84 in Oct. 2000. What's next for the U.S. Dollar, and its impact on the market?

Swine flu is killing teenagers more than any other age group. This sets up a big conflict with traditional users of ventilators. The experts have sorted this all out. Kind of.

Mr. Soros is absolutely right, if they want to take risks, let them do it managing a hedge fund on their own, not within a bank. This way, they have skin in the game and their bets go wrong, they feel the pain.