Innovating Government

The dollar has reached our 2012 objective with an overnight high of 83.48.  We remain as a percent of portfolio equity, 30 percent long gold, 30 percent short S&P, and 10 percent short T-Bonds.  The stock position is obviously working, the bond position is obviously early, and the gold position movement will be the result of coming IMF and FED actions.

While you are mulling the US employment numbers,  you may want to read this Reuters piece on innovating government.

http://blogs.reuters.com/chrystia-freeland/2012/05/31/does-government-have-a-role-in-the-21st-century/