Since the mid 1990's, the U.S. dollar has benefitted consistently from an official federal government position of a strong dollar policy. This may be about to change dramatically, and not just because newly inaugurated President Trump and his administration have hinted that they want to scrap it.   Co-Founder David Marsh from the London-based Official Monetary and Financial Institutions Forum (OMFIF) advisory group has announced that the dollar collapse of the early 1980s could be set to imminently repeat itself. Marsh is a financial specialist who advises a variety of asset management companies. He is now forecasting a dollar crash… Read More

In another exciting geopolitical week, President Trump introduced radically different immigration and trade policies that threaten the economic prosperity of some nations (and companies) like India and the mobility of refugees. Global reaction to these policies has been far more negative than in the United States where the half the country that voted for the new President supports these evolving protectionist measures. Prime Minister Theresa May from the U.K. came to Washington and was honored with being the first foreign leader to meet with President Trump in the Oval Office. The meeting resurrected imagery of President Ronald Reagan and Prime… Read More

Last Wednesday, you could almost hear the deafening cheers from Wall Street investors as the Dow Jones Industrial Average surpassed 20,000 for the first time ever. In 120 years of turbulent history, it has never before managed to come close to this level. Do not be fooled by Mr. Market. Look back at the not-so-distant history of March 30, 1999. This was the day that the Wall Street Journal heralded the dawn of a new era as the Dow blew past 10,000 for the first time in history with its "Dow Industrials Top 10,000." This then-record high occurred on March 29, 1999.… Read More

Dow remains above 20,000 while S & P, NASDAQ slip. From a technical perspective, the stock market looks great right now.  Yesterday the Dow Jones Industrial Average advanced 32.40 points to close at another record high after hitting the vaunted 20,000 milestone on Wednesday.  Curiously, both the S & P 500 and the NASDAQ Composite Index each closed lower on Thursday.  And, broader market statistics from yesterday’s action on Wall Street tell an interesting story. (Chart created using Quotestream Media)   Among all listed shares on the New York Stock Exchange, on Thursday, decliners beat advancers 15 to 14 with… Read More

It was an undeniably exciting weekend with new President Trump's long anticipated inauguration finally happening. Love him or loath him, he is definitely changing the ground rules for the U.S. and the rest of the world. One of the most important economic declarations he and the new administration have been making is that the strong dollar policy is misguided and detrimental to American jobs and business growth. This could be the opening salvo in a much-feared trade war with China. Meanwhile, across the pond in Britain, Prime Minister Theresa May is preparing to link her political and Brexit future prospects… Read More