The #CurrencyWars are likely now the driver for the markets, the finanicals and perhaps geopolitics. I’m growing increasingly bearish on the financials again. Haven’t acted on it yet, still in homework phase, but methinks there are going to be some big TBTF banks on the wrong side of the currency dislocations we are seeing this week and even with Russia too for the last few months.

Here’s the latest Cody Underground Podcast that I recorded this morning as part of my research on the Currency Wars and yesterday’s dislocations:

Cody Willard and John Authers with explanations and analysis of the Global Currency Wars, Central Banks and how it affects you at home.

Might be time to buy some longer-dated puts on some of the Too Big To Fail banks while they’re near these all-time highs in early 2015. This could be a rough year for the big banks as energy prices crashed, currencies have dislocated and we’re just two weeks into the new year.