The Yen is Weak. Should We Care?

The Yen is Weak. Should We Care? In late July, Japan and the United States reportedly launched a coordinated currency intervention to support the Japanese yen after it fell to a near 40-year low. The yen weakened sharply in mid-to-late July, reaching almost ¥164 per U.S. dollar after beginning the year near ¥156. That decline […]
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The Boy That Cried Wolf

The Boy That Cried Wolf Something has been on our minds for a long time, and we have occasionally danced around the issue on these pages, but we always feared being “the boy that cried wolf”. Those fears are unfortunately subsiding. Why the change? Mostly because financial luminaries are now beginning to make their voices […]
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Gold is Money, Everything Else is Credit.

Gold is Money, Everything Else is Credit. Gold’s traditional role in portfolios is as a haven in times of stress or perceived high risk on a shorter-term basis and longer term as an insurance policy against a decline in the value of the dollar. Gold’s recent run is interesting because it has come in the […]
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