Jack Crooks is editor of World Currency Options, and a contributor to the World Currency Watch blog. Jack is a seasoned investment adviser, who has held key positions in brokerage, money management, trading, and research. He is the founder of Black Swan Capital, a currency advisory and management firm, and of Ross International Asset Management.
The US dollar surprised many by breaking out of its six-year downtrend in 2008. Currency expert Jack Crooks says the global economy will get a lot worse before it gets better. And the euro will come under severe pressure as individual members of the union crumble. Jack says this all poins to further greenback strength in 2009.
Currency expert Jack Crooks says South Africa risks becoming the most notorious failed state in the troubled continent. Falling commodity prices are hurting the mining industry. And social tensions continue to destabilize the political climate. Jack says the rand is hugely overvalued right now, making it a “currency crisis in the making”.
Another mouth-watering currency play from Jack Crooks. Of the Asian states, Thailand’s export-based economy is most exposed to a US recession. And political instability could accelerate capital flight. Jack says this means the Thai baht will likely drop like a stone.
Currency expert Jack Crooks says this crisis is creating great trading opportunities in emerging markets. The Czech koruna soared 250% against the US dollar in the last seven years. But the greenback has found a bottom. And Jack says the reverse trend will be just as “earth shattering”. This is why shorting the koruna is a sure way to bag huge profits.
Currency expert Jack Crooks says traditional “safe haven” currency the Swiss franc looks set to benefit from a slump in Europe.
Yesterday, Hank Paulson’s colossal plan to intervene in the free market failed. Today, there is talk of another version of the bailout being pushed through Congress.
What most people just don’t get, says Chuck Butler is that the bailout “constitutes the single greatest case of ignoring the free market in modern history.” And there is actually little justification for it.
“On a historical basis, many parts of the US economy are in awfully good shape,” according to Chuck
If you were lucky enough to make it through last week without any major losses, then I congratulate you. Last week was a street fight in the markets, and I personally know plenty of traders who came out bloodied and bruised. Thanks to the active participation of central banks and the U.S. Treasury, it’s now almost impossible to find your footing and stick to an investment strategy without being broadsided.
Editor of World Currency Options and Money Trader Jack Crooks says the vast majority of consumers see ‘inflation’ as what we’re paying for groceries, gas, a Starbucks coffee and electricity. But when it comes to Europe, wage push inflation plays a crucial role. Rising wages there are keeping prices unnaturally high. This means when the ECB decides to cut rates it will do so substantially and quickly to give it more firepower for the next inflation shootout…
The big news this past week was definitely the dollar.
Yesterday, the 14-day relative strength index of the euro versus the dollar fell to 21.82, the lowest since the European currency’s 1999 debut.
The question is: How can the dollar rally like this when the greenback’s fundamentals leave so much to be desired?
Currency expert Jack Crooks says the key to understanding current dollar strength is the failure of other nations to decouple from the ailing US economy…