I’m writing to report on January events and markets and offer our outlook. January began with a strong rally in U.S. and foreign stock markets, which soon dissipated and turned into a sell off. Simultaneously, gold and foreign currencies continued to rise.
It is not hard to see the logic behind the rise in foreign currencies and their proxy, gold, versus the dollar, when one examines the global geopolitical and economic landscape.
Global Economics
Geopolitically, the continued strong rhetoric from President Bush about Iraq has sent fear into the hearts of our European allies. They are geographically closer to . . .
Continue Reading: February 1, 2003
