Tag Archive | currencies
[picapp align=”center” wrap=”false” link=”term=dollar+note&iid=8597586″ src=”http://view2.picapp.com/pictures.photo/image/8597586/employee-displays-dollar/employee-displays-dollar.jpg?size=500&imageId=8597586″ width=”380″ height=”242″ /]
[picapp align=”center” wrap=”false” link=”term=audi&iid=9039823″ src=”http://view4.picapp.com/pictures.photo/image/9039823/2010-audi-best-buddies/2010-audi-best-buddies.jpg?size=500&imageId=9039823″ width=”380″ height=”253″ /]
So they feel the pain (article: SNB loses 8b on currency interventions). They better adhere to my second economic commandment!
Previously I said that I’m not a gold bug. That was before our European politicians and central bankers did everything to destroy the Euro and the European banking system. Now I’ve changed my mind. I realize that people search for “save havens” in a world of paper money gone wild. Gold is attractive, as it […]
…seems to be 15-20 years. First, there was the Bretton Woods system based on the US Dollar from the end of the 1940s to 1973. It collapsed when the US Dollar couldn’t keep up with gold, to which it was pegged. Then, after a short period of floating exchange rates, came the ‘Exchange Rate Mechanism’ […]
[picapp align=”center” wrap=”false” link=”term=coins&iid=7469948″ src=”e/e/e/5/Many_Germans_Earn_bdc3.jpg?adImageId=8859436&imageId=7469948″ width=”380″ height=”253″ /] Sometimes economic theory and reality don’t really match (stop laughing, will ya! ;-)). Carry trades are an example of such discrepancy. If you take out a loan in a currency that offers low interest rates and invest the money into a currency that offers high interest rates, […]