March 13th, 2010
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COMMENTARY for Monday

As Microsoft Goes, So Goes the Nation?

by Rick Ackerman on October 26, 2009 12:01 am GMT · 9 comments

Although the Wall Street Journal’s classy copy desk deserves praise for adapting so quickly to the paper’s tabloid transformation under Rupert Murdoch, the headline writers appear to be struggling to find a balance between truth, sensationalism and, in this case, wishful thinking. Here’s the headline — and see if you can spot the dereliction of syntax: “Microsoft Feeds Hopes for a Recovery”.  Did you infer that the hoped-for recovery  supposedly being fed by Microsoft encompassed the broad U.S. economy?  We did too, since it was logical to think that’s what the headline meant. After all, who among us knows a single person who even remotely cares whether Microsoft itself recovers from its Vista-induced kamikaze » Read the full article


Rick's Picks for Monday
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DXY – NYBOT Dollar Index (Last:75.46)

by Rick Ackerman on October 26, 2009 12:01 am GMT

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GCZ09 – Comex December Gold (Last:1043.70)

by Rick Ackerman on October 26, 2009 12:01 am GMT

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ESZ09 – E-Mini S&P (Last:1088.00)

by Rick Ackerman on October 26, 2009 12:01 am GMT

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GS – Goldman Sachs (Last:180.64)

by Rick Ackerman on October 26, 2009 12:01 am GMT

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This Just In... for Monday

More on a Dollar Short-Squeeze…

by Rick Ackerman on October 26, 2009 12:01 am GMT · 0 comments

A dollar short-squeeze has always seemed more than merely plausible to me, notwithstanding the dollar’s steady decline toward intrinsic worthlessness.  Drowning in dollar-denominated debt, the world is effectively short the U.S. dollar in cosmic size. The last thing debtors need is to have the dollar become scarce when they come under pressure to settle short-term loans that cannot be rolled.  What will happen when that day arrives, and short-term borrowers cannot beg, borrow or steal dollars?  I asked a half-dozen international-finance professors that question a dozen years ago, and they reacted as though I was crazy. A short-squeeze on the dollar!? What on earth was I talking about?  Since then, a few others have joined me in recognizing such an event is not merely possible, but likely. Click here  to access the latest, fascinating article on the topic.