by Michael Moore
June 3, 2011
What global economy is of suffcient size and depth to replace the dollar as primary reserve currency? The two most realistic challengers are the Euro and Chinese Yuan, both of which suffer from their own special set of challenges.
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by Glenn Busch
May 27, 2011
Another reason mentioned for our tactical reduction in equity exposure is the increased debt woes in Europe again. Our short-term concern is more about a strengthening U.S. dollar rather than a sovereign debt default. Of course a sovereign default would be terrible news but the strength of the U.S. dollar has had a larger impact on the U.S. stock market as evidenced in the chart below.
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