Tag Archives: CNBC

While the economic storm caused by COVID-19 has seemed to wane (temporarily?), the stock market can’t seem to go but one direction—up. Graham and Dodd’s meaty 700-page Security Analysis has soared to number 7695 on the Amazon best-seller list. According to Warren Buffett, the book is “A road map for investing that I have now been following for 57 years.” One wonders what roadmap the young people who saw the pandemic March meltdown as an opportunity to buy slices of...

I was invited to Rick Santelli’s Exchange on CNBC earlier today.  There is a 3.5-minute clip of the interview that can be found here. Despite being a dollar bull for nearly a decade (since around the time of my first book–Making Sense of the Dollar–), I do not think a strong or weak dollar is desirable.  It is about the level that is appropriate depending on business conditions and the economic cycle.  If the Fed is easing policy, as it is now, and the dollar...

A few hours after the ECB announced a new package of monetary accommodation, I joined a discussion on CNBC Asia with Nancy Hungerford and Sir Jegarajah. Here is a clip of part of our discussion.  I make two points. The first is about the euro’s price action. What impressed me about it was that the euro posted an outside up day, trading on both sides of the previous day’s range and closing above its high. When Sri and I were talking early in the Asian morning, there...