First and foremost, I would like to send a big shout out to all the Peak readers-- We appreciate the support and hope you enjoy the site. For sites focusing on macro economics that blend in references to gangsta rap, Humpty Dumpty, master wizards, Bono bashing and borderline crude sexual references in order to get their point(s) across, we think we are pretty close to the number one place to go on the web.
As our readership grows we hope to be able to offer some more interactive discussions and polls, but we promise to not sell out to the man and advertise dick pills or fat loss creams (but an ETF sponsor would not be turned down!).
We will continue to post 4-5 times a week, so check back often!
BIG WEEK AHEAD
This week is starting to look like a week of mega news for the financial world. Some of the stories include:
- Total disregard for currency valuations for all the G-7 fiat currencies. This last move looks to be a direct attempt to strengthen the dollar, disguised as a wolf in yen's clothing.
- Radioactive Spinach and the tsunami you rode in on. Japanese officials say that 2 of the 6 reactors look to be back online. 33% is not to shabby-- unless of course you are talking about nuclear reactors that will NOT melt down. I have a hard time setting the bar at anything under 100%.
- Libya Shmibia-- What is uglier than Egypt melting down? Libya. What is uglier than Libya melting down? Saudi Arabia. When is Iran going to join this party?
- Nothing finer that inflation in China. You want inflation? Go the Big Red Engine. The fan is still spinning in China, but sh*t is being shot at that fan from a bazooka. What happens when the sh*t hits the fan?
- US consumer vs the no inflation but rising prices monster: This is not the 80's-- in the 80's we had wage growth. We have not had wage growth in the US since 2006-2007. Anyone who thinks the 'resiliant US consumer' won't do an about face when gas and groceries eat up all that sweet sweet disposable income probably works for CNBC. People bought last year due to deflation. consumers LOVE deflation for TV's but hate deflation for houses. Who wins-- Big automotive-- they have been selling deflating goods for over 100 years and no one seems to catch on.
- Europe's about face on raising rates: Times be a changing in the EU. The disaster that is the Euro is about to be dealt a blow when the sure thing of raising rates becomes the big chill.
SUNDAY IS TO RELAX
Please take today to relax and breath-- Sunday is to relax.
I personally battled a fence yesterday and lost-- I took a 2X4 to my forehead from about 8 feet and I have a welt the size of Russia in between my eyebrow and my receding hairline. Hurt like a Mutha...
With that being said, make sure you appreciate and enjoy the things in life that are important to you.
For me it is my little girl-- she turned one month old yesterday.
Have a great rest of your weekend!