Tomorrow (Monday) is a holiday of sorts in both Canada and the U.S. In Canada, it’s Thanksgiving, and the TSX will not be open for trading.
In the U.S., it’s Columbus Day (to celebrate the “discovery” of the “New” World by Italian Christopher Columbus). But American stock exchanges (NASDAQ, NYSE) will be open as normal for [...]
-
October 10, 2010
in Asia, BRIC, China, Federal Reserve, Q4, US debt, US economy, USD, collapse, currencies, diversification, emerging markets, exchange rates, forecasts, foreign investment, forex, indicators, international economy, market trends, news and updates, world order, world reserve currency
Bank of America has decided it will halt all foreclosures in all 50 states going forward. This means, apparently, millions of folks will be living in homes without paying for it – which means at least temporary losses for banks. (Don’t get me wrong, it is a good thing for families who can find no [...]
-
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 [...]
-
May 30, 2010 · 15 comments
in 2010, ADRs, FTSE, SRI, business, capitalism, economy, energy, environment, executive compensation, foreign investment, news and updates, oil, pound, resources, sovereign debt, sustainability, unconventional energy
Estimates suggest the Deepwater Horizon oilspill has already cost BP plc about one billion pounds. This does not even take into consideration total clean up costs going forward if the leak were to somehow suddenly stop right now.
But so far we haven’t heard much about the wider economic effects that the Deepwater environmental disaster will [...]
-
May 3, 2010 · 7 comments
in Greece, US Treasury, US debt, US economy, USD, currencies, debt, deflation, depression, economy, europe, exchange rates, financial planning, forex, gold, hyperinflation, inflation, international economy, market trends, news and updates, risk, sovereign debt, survival, theories, wealth protection, wealth transfer, world order, world reserve currency
On April 27, 2010, Standard & Poor’s downgraded Greece’s credit rating to junk status – meaning that it is unlikely Greece can pay back its creditors, which means that it is not worth it for the hypothetical investor to invest in Greece.
The same day, the USD spiked and the Euro and other currencies fell a [...]
-
April 13, 2010 · 10 comments
in US Treasury, US debt, budgets, central banks, debt, deficits, economy, international economy, money supply, news and updates, world order, world reserve currency
Thus spake the Congressional Budget Office on the long-term future of American fiscal integrity (or rather, the coming lack of it). As Niall Ferguson reported in his piece for the Financial Times back in February,
“The long-run projections of the Congressional Budget Office suggest that the US will never again run a balanced budget. That’s right, [...]
-
