Tuesday, September 1, 2009

Pro-Dollar newsflow starting to percolate

Naked Capitalism excerpts this bloomberg story:

Goldman Sachs Wrong on Economic Recovery, Macro Hedge Funds Say

basically the big players featured in the article are getting long the US Dollar and T-Bonds. it happens that this is a theme I have been promoting in the newsletter. Bonds have started to firm the last few months, while the Dollar is still trying to find its footing. give it time, I say.

also, the article quotes Clarium's assets under management at "about $2 billion." that is a lot smaller number than I have seen quoted in the past. anybody Know what's behind the drop?