Turning Points: Currency Wars, Commodities, and Hedge Funds

A wrap-up of key issues affecting global markets for fundamental investors:

Currencies

• Japan adopts cheap Yen policy, creating concern in Korea. (Korea Times)
• Switzerland is getting into a currency war with Britain. (New Statesman)
• The euro and the Great Currency War. (Global Economic Intersection)

China’s Direction

• IMF now agrees with China’s skeptics. (China Financial Markets)

Commodities

• Copper prices rising with increasing demand. (Wall Street Journal)
• Wheat futures advance on threat to winter harvest. (Washington Post)

Derivatives

• CDS spreads show Asian bond risk falling. (Bloomberg)

Energy

• Oil demand in US looks sluggish. (Australia News)

Euro Crisis

• Eurozone crisis drying up credit to households, according to the ECB. (Economic Times)

Hedge Fund Money

• Citadel increases stake in Take-Two Interactive (TTWO). (Gamespot)
• Ray Dalio thinks the bull market for bonds could die in 2013. (Forbes)

Interest Rates & Central Banks

• The Fed releases minutes from its December meeting. (Federal Reserve)

Japanese Debt & Inflation

• Shinzo Abe’s plan for the Bank of Japan. (Bloomberg)

US Stocks

• The best and worst market performers from 2012. (Seeking Alpha)

Real Estate

• Thirteen European housing markets sure look like bubbles. (Business Insider)

Time Capsule

• Frédéric Bastiat demolishes the broken window fallacy in the 1800’s — yet the broken window lives on. (Library of Economics and Liberty)

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

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