Jack Crooks - Comments
President, Black Swan Capital, LLC
Contributor's Links: Black Swan Capital
Jack has over 25 years of experience in the currency, equity, and futures arena. He has held key positions in brokerage, investment research, money management, and trading. Jack is founder and president of Black Swan Capital LLC (a newsletter firm specializing in currency trading and global ...more
Latest Comments
US $ Smoked. Game Over? Is The Yen Telling?
7 years ago

I don't believe it is about financing deficits that drives the dollar. It is about real money flow (from domestic sources on said tax holiday, foreign direct investment, and hot money on yield differential). This can be self-feeding and would be very dollar positive despite deficits. As to trade war; the US wins a trade war against competitor given its local demand being so relatively strong. And the dollar likely rallies in a trade war on safe haven flow worldwide into US Treasuries. Thank you Moon Kil Woong.

In this article: FXE, FXY, UUP
Emerging Market Bonds: The Canary In The Coal Mine?
7 years ago

Gary. Great question. I do not know the answer but will see if I can find out. I suspect many of these bonds are for solid companies, so can't be considered junk just because designated EM. But much of the credit is to once solid companies, commodity-based, which are suffering cash flow problems. And I guess the larger point being much of this flow from international investors should be designated "hot money," instead of "foreign direct investment." Meaning if there is trouble, it will exist quickly. Thanks Gary. Regards, Jack

In this article: CNY, UUP, EEM
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