In the past when America has given tax incentives to bring US Dollars home it has made the US Dollar go higher, certainly for a while. These tax laws have just changed and there are now incentives to bring US Dollars home. I suspect they people will bring the US Dollars home and I suspect the US Dollar will go higher especially as interest rates go higher.
Friday, January 12, 2018
Monday, January 8, 2018
I own a lot of US Dollars. What happened last year in my view is a normal correction. You know, the US Dollar was extremely strong a while before that, made new highs, multi-year highs, so it's having a normal correction. I own the US Dollar and I will probably buy more.
Friday, January 5, 2018
Jim Rogers recently answered the million dollar question, are crypto currencies in a bubble?
"There have been plenty of bubbles I have seen in my life but this one is a little strange, because at least when the dot-com bubble was around, those were companies that said they had a business. Even with the tulips (reached extraordinarily high levels and then dramatically collapsed in February 1637), supposedly they had a purpose and a use, I have never seen something quite like this."
Thursday, January 4, 2018
I am still buying shares in Asia. China is down 40 percent from its all time highs, Japan is down 50 percent from its all time highs. The Japanese governent is doing everything it can to get stocks up.
Related trading instruments: iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Japan ETF(EWJ), Nikkei 225 Index
Tuesday, January 2, 2018
Before the First World War all sorts of changes started taking place which were revolutionary at the time. We weren't so revolutionary, we had a big war as a result and we're seeing a lot of changes like that take place again let's hope thre's not a war in a few years.