Posts tagged as:

currencies

Dear Greenback, Meet the Redback – Your Replacement?

November 10, 2010 · 3 comments

in Asia, BRIC, China, G20, RMB, USD, World Bank, central banks, currencies, exchange rates, foreign investment, forex, international economy, international stock market, market reports, market trends, money, news and updates, sovereign debt, terminology, world order

You may not have heard of this yuan yet – but the renminbi officially has a new, unofficial nickname – the “redback.” That’s right, it looks and sounds the way you think it’s trying to look and sound.  Not only is the renminbi note red, but it’s got a picture of Mao on the [...]

-

{ Comments on this entry are closed }

Return To Gold Standard Sooner Than We Think

November 8, 2010 · 4 comments

in 2010, China, G20, GoldMoney, USD, World Bank, central banks, forex, gold, international economy, leadership, legislation, world order, world reserve currency

The World Bank may lead the rest of us back on to the gold standard a lot sooner than we think.  World Bank head Robert Zoellick suggested over the weekend (and for the second time) that the G20 should consider making gold the global reserve currency as part of some major structural changes to the [...]

-

{ Comments on this entry are closed }

Reasons Why A Higher Yuan Is Bad for the USD

October 6, 2010 · 5 comments

in Asia, BRIC, China, G20, collapse, currencies, emerging markets, exchange rates, forex, international economy

When you tally up all the pros and cons, on balance it is quite surprising that the US is officially championing the appreciation of the yuan against the USD.  Even when you think about the supposedly increased attractiveness of all those US exports that would ensue, it still doesn’t make a lot of sense on [...]

-

{ Comments on this entry are closed }

Did Greece Crash the Stock Market?

May 7, 2010 · 4 comments

in Greece, S&P 500, S&P/TSX, debt, europe, exchange rates, foreign investment, forex, government, international economy, international stock market, legislation, market crash, market reports, market trends, news and updates, risk, stock exchanges, world order

Is Greece triggering the double-dip?  Yesterday’s several-hundred point dive in the stock markets globally was said to be the result of a “fat finger” typo – someone, a really big trader (eg., Citibank), typed in 15 “billion” of futures contracts instead of 15 “million” somewhere.
And is this the new kamikaze capitalism – where you don’t [...]

-

{ Comments on this entry are closed }

Market Jitters: Are We About to See the End of the Risk Rally and Bear Market Bubble?

January 20, 2010 · 13 comments

in 2010, Federal Reserve, US economy, bull market, central banks, economy, exchange rates, financial planning, forex, hedging, inflation, interest rates, international economy, market crash, market reports, market timing, recession, risk

Highest ever one-month inflation rise in the UK for December, fiscal imbalances in Greece, weakened macro-economics in Germany, a Canadian housing market bubble, higher than 50% gains in the commodity currencies since last March (2009), and the return of hubris and risk-taking in the U.S. investment banks… what do these all have in common?
Is it [...]

-

{ Comments on this entry are closed }

Short-Term Advantages of A Weak US Dollar Will Weaken Over the Long-Term

November 5, 2009

in US Treasury, US debt, US economy, USD, currencies, inflation, international economy, world reserve currency

There are two short-term advantages to a weak US dollar.
The primary advantage of purposefully driving the value of the US Dollar down, as Bernanke and Geithner both know, is that it makes US exports more attractively priced for foreign buyers.  This, of course, helps the US economy in theory (if more goods are purchased as [...]

-

{ Comments on this entry are closed }

Still A Good Time for Canadians To Purchase US Dollars While The Loonie Is High

August 5, 2009 · 5 comments

in CAD, currencies, exchange rates, financial planning, travel

Yesterday the Canadian loonie started a downward climb again, but was still buying 93.1 cents USD (down from a Monday high of 93.9 cents USD).  Last Friday the Canadian dollar was at 92 cents USD.  If you didn’t get a chance to purchase American dollars then, consider doing so now.
How To Purchase US Dollars
There are [...]

-

{ Comments on this entry are closed }

← Previous Entries