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Last 10 years? The EUR was grossly undervalued as recently as until 2002. It took until 2007 before it was more "expensive" than in the early 90s on a purchasing power basis. You are assuming exchange rates have instant real-world effects on labor competitiveness, yet these things take a decade...

He explicitly addresses the weak GBP as a catalyst for the UK to gain competitiveness. A means Spain is lacking by being tied to the EUR. Spain's wages have to deflate 30% in order to become competitive with Germany's unit labor costs. It's a disaster.

I'm spending some time in Spain right now. The part of the country (which is supposed to be one of the better off) is a complete disaster, I doubt it's much better in other areas. Unemployment ~20%. Unemployment is worst among the young. An entire generation losing their future. The entire...

So did he predict Nasdaq 500 or not? The problem with Schiff is he is NEVER admits he is/was wrong. See a pattern here? He's a psychotic that believes the markets will ALWAYS do what he predicts. The perfect recipe for blowing up. He probably knows best why he is in the business of selling...

You might want to watch his "Nasdaq will goto 500" call from September 2002 before you reply to this post. If Schiff is so ultra-smart and calls the market's every move, then why is this idiot on CNBC pumping his books and ridiculous little brokerage firm peddling foreign penny stocks to...

Hendry had his day in the sun and he knew when to shut up. He kept a low profile lately. Last letter I read he said their biggest position is in long dated, far out of the money German Bund and US Treasury bond call options, not in currencies.

Schiff is a clown. Not an iota better than the Don Luskins or other perma bulls Schiff is battling on bubble vision.

Looks like CANGX has outperformed the SP500 by 10% since inception, with lower volatility.

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If one can't spend $14 on software that one considers vital then it might be time to look for a new profession.

Analysts hate to downgrade stocks as they go up. The downgrades will come after stocks peak out and drop 30% or so.

Will you ever stop with this "should be trading much lower" non-sense? Trying to make the market conform to YOUR idea where it should be trading is a recipe for bankruptcy in fantasy land. The $HGX went from 290 to 50. Now back to the low 100s. Who says it can't go back to 150? Why does it...

I exited end of August. Flat now. Might reenter Oct if it breaks out to the upside.

There was no melt up "last time", so you simply assume that with a 100.00% probability there won't be one now? Talk about "extrapolation bias" :cool:

Hatred? Call it sportive competitiveness. Susilovic is a good sport :cool:

You're right. Looks like they stopped updating it (for us freeloaders).

http://www.sentimentrader.com/subscriber/charts/WEEKLY/HEDGE_FUND_EXPOSURE_files/image004.gif

Japan will default long before the US. And their 10y bond yields ~1.5%... certainly no bond panic yet. Plus their population growth is 0% compared to the US' 1%.

"Weak" US demand for imports or rather "mean reverting" US demand for imports :cool:

Flat since 08-30. Looking to re-enter long end of the month if this turns out into base building rather than an implosion.