Day: December 17, 2019

Cool Video: Weaponization of the Dollar and the Search for an Alternative

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I talked to Rick Santelli on CNBC earlier today about the dollar. A link to the video clip can be found here. Our brief discussion had two components. In the first, talked about the seemingly never-ending quest for an alternative to the dollar. I have argued that the biggest threat to the greenback’s role in …

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Sterling Drops as New Brinkmanship Begins

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Overview: Efforts by a UK Prime Minister emboldened by a strong electoral victory to ensure that trade negotiations with the EU are not extended as the divorce has encouraged further profit-taking on sterling. After testing the $1.35 area on the exit polls last week, sterling had returned to where it closed before the results were known …

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Day: December 17, 2019

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