CNBC Guest Blog

Investor sentiment has turned from fear to greed in very swift fashion. The talking heads on the business channels have overwhelmingly embraced the notion that the recession has ended, recovery is at hand, and stocks offer strong return potential. » Read more

A certain segment of the hedge fund industry is in the midst of evolving. The evolution of these hedge funds is apparent in their shift from focusing on short-term gains to long-term maximization of value. » Read more

President and CEO of the Federal Reserve Bank of St. Louis James Bullard said that policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank. » Read more

You have to love our Fed Chairman who said "we are attentive...to the value of the dollar and will continue to formulate policy to guard against risks to our dual mandate to foster both maximum employment and price stability. Our commitment to our dual objectives will help insure the dollar is strong." I think he said he was worried about the dollar but then he wasn't worried about the dollar. I know I am worried about the value of the dollar as no country I am aware of has ever debased their currency to lasting prosperity. » Read more

The bad news is banks are still failing. The "good" news is that there are those banks with the balance sheet strength such they can take over the failures on some pretty good terms. » Read more

As you may have read, the Chinese grilled OMB director Peter Orzag on the impact that the health care bill would have on the US fiscal position. As I have warned, the passing of the current bill by Congress is a negative for the US dollar and may trigger a re-evaluation of Chinese US Treasury purchases. » Read more