The filth negated the first report…but the fact that the commercials are back again so soon reducing their silver shorts could be a sign that “something’s cooking”…anyway, I’m keeping my cajones crossed!
Unfortunately, it’s Buffett who is totally missing the point:
ZH: The Real Story Is the Ongoing Emerging Markets Rout
“the big story remains the recent surge in the dollar and the accelerating rout in Emerging Markets, where a bevy of currencies, including the TRY, ZAR, INR, IDR and especially the Argentina Peso most recently, have all gotten crushed, in many cases sliding to all time lows, prompting some to ask if another 1997-style EM crisis is on the horizon”
These are the things that don’t like tax repatriation: