http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-22.htmlLast week on CNBC’s “The Kudlow Report” there was a thrilling debate over inflation between Alan Blinder and Arthur Laffer. Mr. Laffer (former member of Reagan’s Economic Policy Advisory Board) encapsulated his position that we need to fear the return of inflation by simply stating that “…if you have a huge increase the supply of apples, the price of apples falls.” While Mr. Blinder (former Vice Chairman of the Board of Governors of the Federal Reserve System) responded by stating, “If peopleMon, 22 Jun 2009 16:36:42 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-22.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-16.htmlMost investors and pundits are celebrating the green shoots of economic stabilization and the belief that there will be a “V” shaped recovery in GDP growth. I believe, however, that what we are experiencing is just an artificially derived respite and that we have only entered the eye of our debt induced hurricane. There should be no mistaking what was the progenitor for near collapse of the economy late last year. It was clearly the overleveraged consumer and financial sectors, which was theTue, 16 Jun 2009 14:23:28 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-16.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-09.htmlThe consequences of adopting a weak dollar and inflationary monetary policy to bail out the economy have begun to manifest themselves, although the real effects of the government’s $12.8 trillion dollar recovery plan have only just started to show up. Investors should not be surprised to learn that the commitments, guarantees, and prodigal spending of the past two Administrations have come with harrowing consequences. Surprising or not, these painful consequences are just beginning to appearTue, 09 Jun 2009 13:43:39 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-05.htmlIt is becoming painfully obvious that the Fed, Treasury, and Administration's disastrous recovery plan hinges on the devaluation of the U.S. dollar. Their specious strategy stems from the belief that a falling currency can re-ignite exports and spark a recovery in manufacturing while putting a floor in U.S. asset prices. But just as the President's initials indicate, the plan stinks of B.O. Firstly, a falling currency does nothing to expand a country's exports or domestic production. Let's sayFri, 05 Jun 2009 08:54:56 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-06-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-25.htmlLast week Standard and Poor’s announced that the AAA credit outlook of the United Kingdom was lowered to “negative” from “stable.” The action caused many in the US, including Bill Gross, to impugn the United States’ AAA credit rating and wonder if the same devaluation should be applicable here. If the reasoning behind S&P’s decision to call into question Britain’s ability to repay debt is due to their budget deficit this year being 175 billion pounds ($273 billion), or 12.4% of grossMon, 25 May 2009 10:15:09 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-20.htmlLast week the nation’s number one trucking company, YRC Worldwide Inc., announced that it will seek $1 billion in TARP assistance to bailout the company’s pension plan. Never mind the fact that the request is light years away from the original intention and approval given by congress to purchase toxic assets from banks’ balance sheets. The point is that the troubled company’s request of the government to cover its pension obligations should remind us of the bigger issue; who will bailout ourWed, 20 May 2009 09:10:12 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-20.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-14.htmlCommodities are rising, the dollar is falling and the trade deficit is growing. Everything bad is good again, thanks to the Feds. All of the pernicious factors that brought us to the brink of financial Armageddon are now once again returning and are still—amazingly enough--being embraced as both normal and healthy for the long term viability of the U.S. economy. Factors such as a strengthening U.S. dollar, shrinking trade deficit, a surging savings rate and falling commodity prices were allThu, 14 May 2009 08:35:09 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-05.htmlIt is disappointing to discover that the Harvard- and M.I.T.-educated Ben Bernanke did not learn while attending school that long-term interest rates must be set by the free market. Belatedly, the Chairman of the Federal Reserve is about to learn this valuable and costly lesson because these rates cannot be manipulated lower by any central bank for a great length of time. On March 18th, the Federal Reserve committed to buying up to $300 billion in long-term Treasuries over the ensuing sixTue, 05 May 2009 10:46:27 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-05-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-28.htmlIn the longer term, the risk of the U.S. suffering through a bout with hyperinflation is very real. However, in the short term what we most likely face is a protracted period of stagflation first because of our record debt and the Fed’s decision to pay interest on excess bank reserves. What is clear is that despite government’s best efforts, the rate of increase in bank lending is falling off a cliff. According to the St. Louis Federal Reserve, Total Commercial and Industrial Loans are up 3%Tue, 28 Apr 2009 14:14:52 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-28.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-21.htmlPresident Obama is smooth. He has an incomparable ability to say the correct thing and then doing the exact opposite. For instance, he says the United States cannot continue the boom bust cycle of economic activity and must repent from its proclivity to engender GDP growth off the back of building asset bubbles. He also contends that George W. Bush was disingenuously hiding the size of the true deficit by keeping certain items off budget. In those two statements he is completely correct.Tue, 21 Apr 2009 13:26:25 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-15.htmlAs he stated again clearly today, the Chairman of the Federal Reserve has deluded himself into thinking that when the time comes, he will be able to shrink the size of the Fed’s balance sheet and reduce the monetary base with both ease and impunity. He also has deluded himself into thinking inflation will be easily contained. It is very important that he does not fool you, as well. The Fed believes low interest rates should not be the result of a high savings rate, but instead can exist byWed, 15 Apr 2009 08:15:24 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-01.htmlThere seems to be much confusion lately about the consumer’s increased savings rate and if this is a good or bad condition for the health of the U.S. economy. While many Austrian economists are lauding our new found predilection to save, the Administration is obsessing over forcing banks to increase lending and compelling consumers to step up their borrowing. It is factually correct to believe the U.S. consumer must embark on a protracted period of savings and reduced consumption in order toWed, 01 Apr 2009 12:59:46 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-04-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-24.htmlHelicopter Ben Bernanke has earned the new moniker of Banana Ben. He has earned the new name because of his desire to make the United States resemble a banana republic instead of embracing the policies that made the U.S. the greatest nation on earth. It is now abundantly clear to all that not only the Fed Chairman but also this administration will do everything in their power to create inflation. Their efforts are derived from the mistaken belief that inflation can solve everything. Listen toTue, 24 Mar 2009 17:40:19 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-24.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-17.htmlWe all should be painfully aware by now that there is nothing held inside the Social Security and Medicare trust funds but a bunch of IOUs. Monies collected from payroll taxes are treated as general revenues and used in the “unified budget.” But how many of us are aware that the FDIC’s Deposit Insurance Fund works in a similar fashion? On March 2nd, FDIC Chairman Sheila Bair made some remarkable statements in defense of the Insurance Corporation’s decision to raise fees and increase revenues.Tue, 17 Mar 2009 10:02:25 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-17.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-10.htmlWe learned on February 27th of the Treasury’s plan to convert up to $25 billion of their $45 billion preferred Citigroup shares to common equity. According to the company, the existing shareholders would be diluted by 74%. Thus, the taxpayers will cease collecting dividends on their holdings and they’ll slide down the capital structure in Citigroup to the lowest rung on the ladder. Ostensibly, it looks like a good deal for the bank and not such a great deal for the government/taxpayer. So whyTue, 10 Mar 2009 11:28:10 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-03-10.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-23.htmlIn contrast with a depression, a recession is relatively easy to bring to an end. The genesis of a recession is caused by excessive credit creation on the part of banks and the Fed. The superfluous money drives prices higher and the rate of inflation begins to increase at a pace that makes the Fed uncomfortable. The Central bank then begins to raise rates in order to soak up that liquidity and put an end to its easy monetary policy. The higher interest rates serve to choke off consumerMon, 23 Feb 2009 15:32:57 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-11.htmlMuch has been written lately about the beginnings of a recovery in the real estate market. Just last week housing bugs (investment “bugs” are not exclusive to those who only love gold) were cheering the latest data point which they claimed as evidence the market is making a comeback. The Pending home sales index rose 6.3%, to 87.7 from 82.5 in November. That figure was also 2.1% higher than that of December 2007 when it registered 85.9. Helping to drive the increase in pending home sales areWed, 11 Feb 2009 10:37:24 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-11.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-05.htmlThis Friday’s release on nonfarm payrolls will shine a burning light on our nation’s need to promote growth and create new jobs. After losing 2.7 million jobs in 2008, projections are to start off 2009 with a 500 million reduction in payrolls. The unemployment rate which closed the year at 7.2% is expected to climb to 7.4% in this latest report. The reason for the continued pessimism in employment trends can be derived in the recent job cut announcements from U.S. major employers. For example,Thu, 05 Feb 2009 09:22:00 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-02-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-29.htmlI’m often asked the question if rising interest rates will cause downward pressure on gold prices. The answer is yes, but only if those rates are rising in real terms and not in nominal terms only. But an even more important question that needs to be asked is whether or not the Fed will be able to allow rates to rise to a level that provides the market with a positive real return. The answer, unfortunately, is no. The average gold price increased from $41.09 an ounce in 1971 to $612.29 perThu, 29 Jan 2009 09:13:43 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-29.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-21.htmlInvestors who have been pining for a chance to buy into the beleaguered banking sector may have a bit longer to wait. Just this past Friday holders of Bank of America's (NYSE: BAC) stock were greeted with the reporting of the company's first quarterly loss ($1.79 billion) since 1991. To make matters worse, the company cut its quarterly dividend from $.32 to $.01. The loss prompted a new rescue package totaling $138 billion, which comes on the heels of the recent round of government injectedWed, 21 Jan 2009 09:36:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-21.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-15.htmlWith over 2.5 million jobs lost in 2008 and G.D.P. estimates for Q4 projected to fall at a minus 6% annual rate, all hopes are now pinned on an Obama stimulus program that could exceed $1 trillion. Are investors hopes well-grounded in believing a government going further into debt can bring about a sustained economic recovery? I think not, and here’s why: When a government’s revenue falls short of expenditures it issues debt to pay for the difference. That debt can be sold to the privateThu, 15 Jan 2009 09:22:10 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-15.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-05.htmlWell, agriculturally speaking the answer is no: the United States has minimal banana production and the four leading exporters of the fruit are all located south of the Tropic of Cancer. Sadly, however, once you “peel” away the façade, the U.S. has recently embraced economic policies that could soon lead us to carrying the moniker of “banana republic.” Hanlon, being the optimist that he is, gets a little queasy when I use such phrases, but since respectable figures such as Steve Forbes andMon, 05 Jan 2009 10:17:06 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2009-01-05.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-12-12.htmlThis week marked the beginning of what I believe is the manic bubble stage in the nearly three decade long Treasury bull market. On Monday, the U.S. Department of Treasury sold $27 billion of three month bills at a discount rate of .005%. That rate is the lowest since the auction began in 1929. On Tuesday, $30 billion of four-week Treasury bills were sold at 0%! Again, the lowest yield ever recorded for that security. According to data compiled by Bloomberg, 41 U.S. money market funds haveFri, 12 Dec 2008 09:07:18 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-12-12.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-11-26.htmlThere are some in our government who claim that we face a possible depression if we do not engage in a massive amount of deficit spending and money printing to resurrect the economy. The prescription is intended to cure the credit crisis by forcing banks to step up their lending practices. In their inability to accept or understand the cause of our current crisis in the first place, however, we face increasing odds of a depression as our fearless leaders fight this recession with yet more ofWed, 26 Nov 2008 09:44:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-11-26.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-11-14.htmlWill the new Obama administration offer a solution to our country's short and long term fiscal imbalances? I'm willing to bet four words you will never hear him say during his tenure are "The budget is balanced!" First, take a look at a couple of estimates regarding how great our long term debt will accrue due to the demographic challenges we face. According to estimates from a 2007 study done by USA Today, the projected debt for our country could reach $59 trillion dollars because of theFri, 14 Nov 2008 08:46:34 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-11-14.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-17.htmlI’ve written before about the dramatic rise in fixed income rates that face investors in the very near future due to the funding issues associated with our entitlement programs coupled with the incalculable measures taken by the government in the past few weeks to stem the credit crisis. Those efforts ensure the amount of Treasury issuance will explode. One of the major ramifications of having our national debt move above the $10 trillion mark is that the sustainability of the government,Fri, 17 Oct 2008 07:57:31 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-17.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-09.v02.htmlBuried in the bailout bill signed into law on Friday was a plethora of tax incentives and increases in government intrusion into our privacy. Following in the spirit of the Patriot Act, this new law now allows the IRS to run undercover operations where they can pose as accountants and offer illicit advice to entrap clients. Additionally, it provides in total over $100 billion in tax exemptions for makers of wooden arrowheads, owners of stock car racetracks, Virgin Island rum runners andThu, 09 Oct 2008 09:42:14 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-09.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-09.htmlAfter taking yet another beating on Monday, Russia found its stock market down 60% on the year-- sixty percent! Citigroup recently suggested that investors put 55% of their portfolios in foreign markets. And there are those who have long recommend even heavier foreign exposure, saying that the rest of the world would hardly notice-- or somehow be better off--if the U.S. experienced a sharp recession on the back of a housing burst. Decoupling was always a fanciful idea, but one that looksThu, 09 Oct 2008 09:32:07 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-10-09.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-25.htmlI just got the chance to read the op-ed penned by Pimco's Bill Gross in this morning's Washington Post. Wow, have you read this mess? He did get one thing right, and he backed up his math well enough: the government could potentially make some money on this plan by buying up securitized debt instruments at deeper discounts than they should otherwise be trading. But that actually points to a key, lynchpin part of the problem: mark-to-market accounting is undoubtedlyThu, 25 Sep 2008 09:16:04 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-22.v02.htmlDespite the incessant, nauseating calls for a bottom in real estate and banks, financial firms now find themselves in their most vulnerable conditions since the credit crisis began last summer. Just this week alone we were given three data points that help underscore just how precarious a situation these companies are in. Wachovia Bank corp. reported that its non-performing assets soared to $11.9 billion in Q2 2008 from just $1.9 billion a year earlier. Obviously, Wachovia is not alone inMon, 22 Sep 2008 10:50:26 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-22.v02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-22.htmlIn mid-July, I warned that natural gas prices were likely to head lower under typical seasonal pressure, but how's it acting now? At first glance it looks like gas may be making yet another late summer low, just as it has done in every normal year this decade. I say "normal" year because natural gas didn't make a late-summer low in '05, but that was due to Hurrican Katrina. Take a look: Looks like we've set up for another autumn bump in natural gasMon, 22 Sep 2008 08:31:16 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-09-22.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-08-11.htmlIt amazes me how many investors are now concerned about a deflationary spiral occurring in commodity prices. They site oil prices that are slightly off all time highs or a falling CRB index as their examples. While it is true many commodities are off historic highs, it is hardly reasonable to project a continuation of falling asset prices given the state of the banking sector and the consumer. I know that sounds counterintuitive given the current state of the credit crisis, but it is exactlyMon, 11 Aug 2008 10:10:26 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-08-11.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-07-02.htmlIt has become apparent to me that investors who continue to place money in the U.S. Treasury market don’t have any idea how to protect themselves from inflation or how to achieve a real return on their investments. Even though inflation is running at a multi-decade high (according to official government numbers), we find that these fixed income investors were willing to send the yield on the 10 year note to an historical low of 3.38% on March 19th of this year. As amazing as that sounds in aWed, 02 Jul 2008 15:53:25 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-07-02.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-06-03.htmlMcDonalds Corp (MCD) held its annual meeting last Thursday, May 22nd, and stated it has no plans to tamper with its highly successful dollar menu, which accounts for 14% of the company’s sales. However, The Golden Arches must wish that its dollar menu was on the McGold standard instead of being based on a currency that has fallen 40% in the last 6 years. That dollar decline is putting the squeeze on the Oak Brook, Illinois-based firm, as agricultural input prices are surging while consumerTue, 03 Jun 2008 12:57:36 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-06-03.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-05-19.htmlWith the release of last week’s Consumer Price inflation numbers, the debate over the accuracy of the government’s reported Consumer Price Index data was once again front and center. The official numbers showed that the overall rate of consumer inflation rose .2% while the over-hyped core rate rose just a paltry .1%. However, these incredible April numbers were the result of a seasonal adjustment that removed much of the increase in gasoline prices. Unbelievably, the report claimed thatMon, 19 May 2008 15:04:48 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-05-19.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-05-01.htmlWhy we Americans ever abdicated our financial freedom to a group of 12 unelected individuals who sit on the Federal Open Market Committee, is beyond me. That being said, we are stuck with a system that allows an unaccountable and unconstitutional institution dictate the appropriate level of interest rates instead of the free market. Our founding fathers made it clear that they wanted money to consist of only gold and silver. They did this so as to guarantee that the money supply had intrinsicThu, 01 May 2008 08:50:20 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-05-01.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-25.htmlHallelujah, of course, is a word of praise. To use that word to describe the fact that the USD has lost 40% of its value in the last 5 years, however, is economic blasphemy. Yet last week on television I had the pleasure of debating a well known strategist on the fallout of our crumbling currency and his angelic chorus was heard praising the falling dollar because of his belief that it would boost exports, rescue the economy from recession and encourage future GDP growth. Truly, “HallelujahFri, 25 Apr 2008 08:08:33 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-25.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-23.htmlWhen discussing gold and commodities on CNBC last month, I said I expected gold to underperform commodities such as energy, base metals and agriculture for a period of time. While that scenario has played out and will likely continue to for a little while longer, gold bugs should be encouraged by how the precious metal has performed in recent weeks; while gold was quite overbought on a short-term basis a month ago, it has very quickly moved to a less overbought state while giving back onlyWed, 23 Apr 2008 09:06:58 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-23.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-18.htmlAll investors have become contrarians and are now experts in being able to spot bubbles. Hence, they all are fully aware that a bubble exists in agricultural commodities at this juncture. Really, you can listen to just about any financial source and hear someone warning about the epic bubble that is evident in agricultural commodity prices. However, some of these same folks were completely blindsided by the collapse of the tech bubble in 2000. And they also were shocked that real estate pricesFri, 18 Apr 2008 07:30:26 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-18.htmlhttp://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-04.htmlEvery investment product on planet earth is designed to at least offer a chance at a positive, real after-tax return. Put another way, all investments are designed to bring you a return that is greater than the rate of inflation. Some offer a higher stated yield because of their inherent risk, while others display smaller yields due to their perceived relative safety. But all true investments are designed to outpace inflation. It is ironic, then, that the only true investment to ever bake in aFri, 04 Apr 2008 08:19:54 GMThttp://www.fxstreet.com/fundamental/analysis-reports/support@deltaga.com (Delta Global Advisors, Inc.)http://www.fxstreet.com/fundamental/analysis-reports/new-commentary/2008-04-04.html