Here in the Philippines where I live, we are just coming out of the rainy season but today it is persisting down with rain. But it's not so bad, at least the rain is warm and the air is so much cooler. Makes a nice change from all that hot sun and humidity. I've been pondering on the financial crisis, wondering which way it's going ...

The forces acting on the dollar seem to be turning. Yin is morphing into Yang, and the monetary environment in America will soon be changing radically. It is now evident that monetary deflation is transforming into inflation as the persistent, destructive policies of the US government slowly bite and take effect. It is well known th...

Inflation Expectation Eases The Treasury Department, responding to growing demand from China and other investors, will boost the sale of inflation protected bonds, i.e., TIPS. Chinese officials had indicated they want inflation-protected securities, especially as the U.S. economy starts to recover. TIPS value fell after the announce...