Currently viewing the tag: "Tim Hughes"
5/11/12 General Comments: In my last letter I wrote about my belief that inflation will eventually be a problem. The latest comments by Uncle Ben Bernanke would indicate that he believes we still have a problem with deflation or at least too slow of growth. Discussing the scheduled end of programs including the Bush tax [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 4/27/12 General Comments I thought I would follow up my comments from last week regarding inflation, perhaps massive, and why it seems to me to be a sure bet in the future. I believe that all signs point to the U.S. dollar’s “reserve” status being dropped very [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 4/20/12 General Comments: I have asked myself many times what the end game will be, inflation or deflation? I was leaning more towards deflation, at least initially, considering the size of the housing bust. Then this week, seeing the Bank of Japan indicate their intention to ease, [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 4/13/12 General Comments : Friday the 13th is considered unlucky in Western civilizations, except in Spanish speaking countries and Greece, where Tuesday the 13th is considered the unlucky day. The unemployment rate in Spain is now 23.6% and the youth unemployment rate is now over 50%. The [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 4/06/12 General Comments: On Friday 3/30/12 I wrote about the dollar and how it is now being displaced in transactions in various countries. I will try not to harp on this matter too often but, as I said before, it the game changer of our financial lifetimes. [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/30/12 General Comments: The U.S. Dollar. The “petrodollar”. I started last week’s letter with a mention of what constitutes a currency. The world runs on crude oil and since President Nixon was able to convince King Faisal of Saudi Arabia to accept U.S. Dollars (and only U.S. [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/23/12 General Comments : I have always been fascinated by the history of “money”. What we accept as a method of exchange. Barter, cowry shells, leather, paper. Even the old saying “to pay through the nose” comes from 9th century Danes in Ireland and the practice of [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/17/12 General Comments : The different sections of my letter will vary in size greatly depending on what is happening in any particular week. This week there were a couple of articles relating to beef. One story I was somewhat in agreement with (“pink slime”). I have [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/9/12 General Comments : Credit Suisse research analyst Dong Tao recently wrote a piece asking the question if China’s huge demand for commodities will return to the supercycle phase soon. His answer was no. He believes that China’s infrastructure investment, housing boom, huge exports and policy stimulus [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 3/2/12 General Comments : The size of the credit default market worldwide is something on the order of $300 trillion and many less than perfect issuers would go without needed capital if it didn’t exist. The integrity of the CDS market is crucial and yesterday it took [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 2/24/12 General Comments : Articles of an impending war between Iran and the U.S. or Iran and Israel appear in the media daily. It is easy to get complacent about something when you get too much news about it. So, after discussing it with people smarter than [...]
Continue Reading →DRY HEAT Timothy Hughes | 602-859-4100 | thughes@pricegroup.com 2/17/12 General Comments : It’s Friday morning and I have been reading an investment letter that has some interesting insights about the “money printing” being conducted by the European Union, the United States and others, to inflate their way out of the bad debt bubbles. I wonder [...]
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