DUBAI
The debt crisis in Dubai is just the first of many that will occur in the Middle East and Eastern Europe in the coming years.  It was a wake up call, but not particularly serious by itself.  Many Eastern European countries, the Baltic nations, Hungary, Ukraine, Bulgaria, Slovenia, Kazakhstan, Romania, the UAE in the Middle [...]

A TOUGH WEEK FOR PRESIDENT OBAMA
President Obama was met by strong language from China’s chief banking regulator hours before he arrived in China.  Chief regulator Liu Mingkang said a weak dollar, low interest rates, and other actions have “led to massive speculation".  He was saying, in effect, that the U.S. carry trade (a process [...]

TO PUT IT MILDLY, WE WERE SHOCKED
Does the Obama Administration want the U.S. dollar to decline?  We believe it does.  On November 5th, the U.S. Federal Reserve announced that they intend to keep “interest rates exceptionally low” for an “extended period of time.”  Given that the U.S. Dollar is already under pressure due to low [...]

Dear CIGAs,
Last week, we had a short-lived rally in the U.S. dollar predicated on the unrealistic view that a weaker U.S. economy would send gold and oil down and the dollar up.  Only algorithm writers who are completely ignorant about stock and commodity markets could believe that a poor U.S. economy is actually good for [...]

CLOUD COMPUTING
A new era in computing and delivery of information has begun.  If you aren’t yet familiar with cloud computing, you probably will be soon.  We expect there to be an onslaught of news articles, editorials, and advertisements about cloud computing accompanying Microsoft’s launch of their new computer operating system, Windows 7.
The term cloud refers [...]