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Posts by: Chuck Butler

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Chuck Butler

Chuck Butler is President of EverBank® World Markets and the author of the popular Daily Pfennig newsletter, which is reposted at The Daily Reckoning. With a career in investment services and currencies extending over 35 years, Mr. Butler oversees all aspects of customer service and the trading desk for EverBank World Markets. A respected analyst of the currency market, Mr. Butler has frequently made appearances or been quoted by the national media. These include the Wall Street Journal, US News & World Report, MarketWatch, USAToday, CNNfn, Bloomberg TV, CNBC, and the Chicago Tribune. Mr. Butler was previously the Chief International Bond Trader and Director of Risk Management for Mark Twain Bank, and has held significant positions in the investment industry since 1973.

  1. Daily Reckoning

    US Posts Monthly Budget Surplus! • May 11, 2012

    Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free! That little mini-rally, which a handful of currencies …Read more…

  2. Daily Reckoning

    China Stops Buying Eurozone Debt • May 10, 2012

    Good day. Here’s your second reminder — this coming Sunday is Mother’s Day. Don’t you dare forget! The Cardinals will be in town this weekend, making the Sunday game a Mother’s Day game. When I was a young man and played baseball, we always began our season on Mother’s Day. These days, the baseball season …Read more…

  3. Daily Reckoning

    Bill Gross and Others Call for QE3 • May 9, 2012

    Good day. My first day back in the saddle went fairly well, the meetings were short and sweet — just the way I like them — and I got out of here at a decent time to get home and get my feet up. It was a busy day in the markets, and with no …Read more…

  4. Daily Reckoning

    Elections Throw Euro Under a Bus • May 8, 2012

    Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You …Read more…

  5. Daily Reckoning

    Euro Held Hostage By Elections • May 4, 2012

    After reaching a high of nearly $106 on Wednesday, the price of oil has hit the slippery slope (yay!) all the way down to $101.27 this morning. While it will take a while before this ride on the slippery slope is seen at the gas pump, if ever, the psychological feeling it has for consumers …Read more…

  6. Daily Reckoning

    Central Banks Get Weaker Currencies • May 3, 2012

    The currencies are still in rut versus the dollar this morning. They haven’t lost more ground, just stuck in a rut. The euro (EUR) should have gained on the news that Spain was able to auction bonds this morning and meet their target, while France sold bonds and saw their yields drop. These two auction …Read more…

  7. Daily Reckoning

    Eurozone Economy Slows Down • May 2, 2012

    Good day. Strangeness all around, folks. The U.S. government continues in their effort to make us all feel better, so we go out and spend, spend, spend. We have that to talk about today, along with the regular risk-on/risk-off discussion. The sun finally came out yesterday, which always makes me feel more alive. The tight …Read more…