Latin American Banks Attempt to Save Currencies
We have now come full cycle. Money poured into Latin America and places like Iceland driving their currencies to insane levels vs. the US dollar ... Kaupthing and closes stock market The Times Online is reporting Iceland seizes Kaupthing as meltdown continues Crisis-hit Iceland has taken control of Kaupthing, its biggest bank, and suspended trading [more...]
Date: 2008-10-09 18:55:01
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The Hollow Men
British financial historian Niall Ferguson recently coined the term “Chimerica” to describe the growing economic interdependence between the United ... was then invested in the U.S., which kept interest rates in the U.S. low and provided easy credit ... American excesses and Chinese suppression. China kept its currency at artificially low levels in search [more...]
Date: 2009-01-02 00:51:42
Disadvantages of being under 18
Disadvantages of being under 18 Tagged as: 18, aged, american, being, card, credit, disadvantages, express, legally, mastercard, online, products, ... t it pathetic?! Incident 2 You know Forex Currency Trading by Gain Capital Group? Again, you have to possess MasterCard, Visa, or American Express so that you could top up your Forex account. I can’ [more...]
Date: 2008-12-29 05:36:30
American Economy: “The Veil of Money” by Josh Sidman
Josh by Josh Sidman Dandelion Salad featured writer Josh’s Blog Post July 13, 2008 As I have argued in previous articles, ... to a decline in the value of the currency used to purchase oil – i.e. the US dollar. Likewise ... and are therefore highly imperfect in their roles as currency. Even though gold is often thought of as a rock [more...]
Date: 2008-07-14 05:33:52
2008 in Review: Best and Worst Indexes, Stocks, Commodities, Currencies and More!
by Addison Wiggin & Ian Mathias 2008 retrospective… unless you reside in a small African country, your market lost money A closer look at the year for American markets… the few winners, and many losers Worst year on the books for commodities too… with four notable exceptions Crude oil pops 14%… Russia moves another pawn in the [more...]
Date: 2009-01-02 19:51:04
Why the Resistance?
Like its American regulator counterparts, the European Commission has been pushing major banks to form a CDS clearinghouse ... of EU-based trades must be done inside the 27-nation bloc.” Perhaps. But perhaps this is a pretext ... to interest rate and currency swaps), but I’m not fully–or even largely–convinced that this is the case [more...]
Date: 2009-01-08 02:11:21
Stephen Moore at AFP Summit in Wichita
A few remarks from the Wall street Journal’s Stephen Moore, speaking at the Americans For Prosperity Defending the American Dream summit in Wichita, ... tax rates. Can we agree: “No more federal bailouts.” With one trillion dollars, we could suspend ... standard, so that the politicians can’t control our currency.” [more...]
Date: 2009-01-10 15:56:54
'Buy USA' push may see America slip from free trade church
The new wave of radical Democrats sweeping into Capitol Hill are insisting on a "Buy American" clause in the $750bn (£503bn) ... trading system, but there is always the tendency to go for protectionism in a recession, and this is the worst one I've ever seen." Hans Redeker, currency chief at BNP Paribas, says the US risks setting [more...]
Date: 2009-01-07 12:52:42
When Palestinians Die, Americans Eat.
On the radio today: news about the recession. Story after story about dismal holiday sales ... that some of our needs and wants would be bought with currency, and some we would make or procure ourselves [more...]
Date: 2009-01-09 01:03:41
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