Their words, not mine.

How about a cornucopia of third party commentary today ... to get the juices flowing?

From Reuters on helping out Greece ...

A potential EU support package for Greece would probably spark a near-term euro relief rally but is unlikely to alter the medium-term downward trend, says Lee Hardman, currency economist at BTMU. A support package “won’t solve the crux of the problem which is that Greece and other peripheral economies have become uncompetitive,” he says. Aggressive fiscal tightening in these countries will also “dampen overall eurozone growth and inflation acting to slow the pace of ECB monetary policy normalization.”

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Where are we? Our best guess!

Long-time readers know we are big fans of the boom-bust theory of price action, as first I saw articulated by George Soros back in 1987 in his book, Alchemy of Finance. (It is by the way the same time I learned of Karl Popper and the black swan; and name our firm accordingly, back in 2003.)

We use the boom-bust construct to help us understand better, but never with anything approaching perfect knowledge (if one can ever approach such a thing), where we might be in the current cycle regarding the dollar.

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A vulnerable currency – The South African Rand?

To the global media, South Africa is presented as a multi-cultural success story it seems. To me, the country appears about two-clicks away from major turmoil. So instead of a leisurely walk on the way to becoming the next Zimbabwe, my view is the country may soon break out into a brisk jog along that path.

The four C’s plaguing South Africa: Crime, Corruption, Competency, and Communism

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Reader Mailbag: 7 Reasons to BUY China!

Below is a fairly straight forward third-party article, passed on to us by a reader, on why its author thinks you should be bullish on China.

In RED are the reasons – the problems – why I think you should be a little more skeptical before diving into China ...

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The Gold Club (or religion of gold)

My father in law wrote yesterday to give me grief about my recent gold forecast/guess as laid out in a recent Currency Currents. So happy he was with the recent bounce off the support level in the yellow metal (see weekly gold chart below).

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