Independent Banking Professional
I worked on Wall Street for twenty five years. This blog is my take on the financial issues of the day. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to ...more

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Is 105 The New 120? – A Crazy Thought On What Happens Next
The Euro CHF has crossed well over the 1.05 level and looks fairly solid to me. This is a huge bounce from the chaotic levels reached on 1/15 when the SNB floated (low of ~.85). The cross is now 20% off the bottom, and only 15% from where the craziness started.
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SNB – Post-Mortem
The Swiss National Bank's move to eliminate the 1.2 EURCHF Peg has proven to be a big market/media event. Here's how the story will play out.
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End Of CB Power – SNB Folds
The Swiss economy will rapidly fall into recession as a result of the SNB move.
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“Wise Man” Sinks SNB?
The Federal Reserve made a whopping $98 Billion in 2014. That’s a huge amount of money. How big is it?
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Fog Of War
Thomas Jordon has enormous power. He can print a biblical amount of money with a keystroke. He’s pledged to do exactly that.
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Keystone Comedy?
How about the price of crude? It’s now down 40% in six months! The oil biz has been knocked on its ass as a result. The oil stocks have been taken behind the shed and beaten with a stick, losses of 20-40% in market cap are common.
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