Dear CIGAs,
The so called quick surgical bankruptcy of CIT will result in a company that will only be able to provide 20% of its previous level of financial services to Middle America according to Friday’s Wall Street Journal.
Any institutions replacing these services will have:
1. Higher levels of credit worthiness to be met by small business.
2. [...]

To the CIGAS all round the world:

In times of change, learners inherit the earth, while the learned find themselves beautifully equipped to deal with a world that no longer exists. –Eric Hoffer – Longshoreman, Philosopher

My Dear Friends,
The upcoming legislation defining the powers of the Federal Reserve as the umpire [...]

Jim Sinclair’s Commentary
Here is an important opinion that should be given serious consideration.
Dear Jim,
I doubt the Chinese will allow meaningful appreciation of their currency under the current dollar system. I propose that they are way too smart to do that. Revaluation of the Renminbi forces the Chinese to bear the brunt of what Fieldstien referred [...]

 
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Jim,
In response to Ira’s comments…
The US devalues, which in essence devalues the Renminbi. This leaves the European exporters bearing the brunt of the dollar devaluation.  As their slice of the exporting pie begins to shrink, they naturally complain. Rumblings about competitive Euro devaluation begin to emerge. Even if a Euro is weakened, how long will [...]