EZ ETF System Mid June 2012 Performance
The world waited for the results of the Greek election through the beginning part of June, The election turned out to be less of a decision point than many people expected. The three bond ETFs in the portfolio are down just a bit of money, losing a total of .46% since we purchased them on [...]
Canadian Dollar Falling due to much lower Oil Prices
We noted several weeks ago the Canadian Dollar would become more linked to the price of oil when Oil drops below $95 per barrel. This means the USDCAD could easily fall in price even more as oil falls further. Oil is now trading a remarkable $85 per barrel, and the Canadian Dollar has dropped significantly over the [...]
All Roads Lead to the Trillion Dollar Coin
With John Boehner actively trying to destroy the U.S., why not mint a trillion dollar coin? A few open questions – how big should the coin be? Should it be gigantic, or tiny? I like the gigantic coin, but good arguments can be made for the tiny version of the coin. Who should be on [...]
EURUSD: The Path to 1.1000 revisited
A few months ago I wrote a popular article called “The Path to EURUSD 1.1000“. The premise: A new consensus was forming for the euro, where nearly every possible scenario leads to a lower EURUSD and FXE. This consensus is widespread today. It’s widely recognized there must be drastic steps to save the Euro from total [...]
Why Do We Keep Creating Banks?
(reprinted from Modern Monetary Realism) We’ve had a bit of discussion about banks a few weeks ago. I was thinking a bit about Taleb’s statement about the banking system: “Banks are not net profitable if you consider their entire history.” It’s a provocative statement, and probably true. Banks need bailouts over and over again. But [...]
2 Well Known Ways to Beat the Stock Market (and the Unusual Method Everyone Missed)
It’s really not that hard to beat the stock market – but you do need a consistent system and plan. There are two tried and true ways to beat the stock market: Value Investing and Small Cap investing, both beat the stock market. But there is an unusual way to beat the stock market – [...]
Monetary Policy Distortions
(article written by Michael Sankowski, reprinted from Monetary Realism) Over at Naked Capitalism, there are two interesting posts up, and I’d like to point out an important link between them. One is an interview with Jamie Galbraith “Finance as Wealth Transfer Mechanism” who says this: “The act of extending credit – a macroeconomic force – [...]
Oil and the Canadian Dollar, Together Again
Oil and the Canadian Dollar have a well known relationship. When Oil goes up, so does the Canadian Dollar. This correlation has been estimated to be extremely high during some time periods. The FXC shows this relationship very well, as does the USDCAD. Still, this correlation can change in strength - sometimes the Canadian Dollar does not respond as [...]
EZ ETF Update: Safe in May
This is just a quick update of the performance of the EZ ETF portfolio. So far in May 2012, the EZ ETF portfolio is down only 1/3 of a percent at 0.3%. 0.3% is a tiny loss. The S&P 500 is down a full 3.00%. This is pretty bad for just 9 days in May. [...]
