Today MicroCapital.org, a microfinance publication, announced the introduction of pre-paid, reloadable Mastercards in Peru. The “LATODO Mastercard” is a project launched by NovoPayment, a US-based prepaid card provider that will run the business through Servitebca Peru.
NovoPayment also works in Florida, Mexico, Colombia and launched a similar prepaid credit card program in Venezuela in 2005, MicroCapital [...]
Last week we were surprised to see a 25 basis point rate cut by Australia – whose inflation and unemployment levels are in a healthy range – so to now see that even China has cut interest rates, well, that’s telling you something significant about the weakness and risks facing global growth.
First Rate Cut Since [...]
Emergency talks on the Euro crisis are now being planned by the G7 – and this is being reflected in first-time ever historic lows on German bund yields. Investors are now paying for the opportunity to retain the principal value of their investment. Yields have turned negative. Yes, let me repeat that.
The 2-yr German bund [...]
Top economic advisors and analysts are shouting a common refrain these days. And when two of their more prominent issue global economic warnings forecasts in the same morning, you want to listen. I’ve also outlined what I see as the developments in trends over the next five years, and many of them provide a broader [...]
Looking for something different for your portfolio?
Maybe it is time for you to bump up your BRIC investing, invest in Latin America ex-Brazil or you’d like to get more specific with your agricultural investments. If so, you might have already heard about agroforestry, aka tree farms, and specifically, the wealth of Brazil’s eucalyptus plantations.
Agroforestry and [...]
Large movements of money are under way in Europe these days, as knowledgeable Southern Europeans withdraw from Italian, Greek and Spanish banks and seek for safer places to leave their cash. This is the main push behind the drop in German Bund yields, which are now acting in similar fashion to Treasuries as a safe [...]