The Wealth of Nations, written by Adam Smith, is truly a masterpiece. Billionaires such as Warren Buffett and Charlie Munger have admired and praised Adam Smith's writing. Here's a video form Berkshire Hathaway's 2015 shareholder meeting, where Warren Buffett and…
Tag: Currency
The Federal Reserve Kicks The Can Down The Road
The US Stock market has been all over the place. Mr. Market becomes euphoric when any bad news is released, which isn't "that bad". Needless to say, the euphoria continues when there is any good news. With Federal Reserve's "whatever…
Trade War, Federal Reserve, China, Interest Rates, Currencies, And More
There has been a lot of action in the stock and the bond market recently. In this week's blog post, I will talk about my take on the current events. Let me briefly go over these current events: United States…
Read More Trade War, Federal Reserve, China, Interest Rates, Currencies, And More
Will China Sell its US Treasury Holdings?
Towards the end of the trading day on Friday, May 17th 2019, there was breaking news that trade talks between the United States and China had stalled. This news led to a market sell-off in the last hour of trading.…
Is Carry Trade Profitable?
Imagine getting paid interest everyday for holding onto a trade. You don't need to be actively trading or constantly looking at the market - all you need to do is HOLD! When I was learning to trade Foreign Exchange, I…
How and why China devalues its currency?
I am sure all of you have heard US President Donald Trump accuse China of manipulating China's currency. He claims that China devalues its currency in order to stay competitive. Let's break that down and see how and why China…
Superior North LLC 