The fat, foolish and dangerously ignorant dictator Hugo Chavez* has sent consumers in his Papaya Republic racing to the shops this weekend as the government has decided to “adjust” the local currency lower in a bid to kickstart economic growth.
Currencies
Three Ring Currency Circus: China, Japan and the US
Welcome to the Three Ring Currency Circus: Central bankers as ringleader, metals and energy prices as the strong man, China as barely-tamed lion, Japanese stuffed in the clown car and the US taxpayer as the guy who cleans up after the elephants.
Hot Links: Global Currency, Super Bowl Ads & The Big Zero Decade
Hot Links for Morning Reading…
The New Gameplan?
Is this the gameplan, then? “Dollar Bulls, you guys get to win Tuesdays and Thursdays, we will announce something nasty out of the Eurozone before the NY markets open on those days. Dollar Bears and Investors, y’all need to be patient and wait for Mondays, Wednesdays and alternating Fridays. On those days, we’ll throw you…
An Ugly December For The Euro So Far
Le Euro hasn’t been looking good since the start of the month and today’s credit downgrade on Greece’s sovereign debt certainly didn’t help. Wondering about the strength in the dollar and the weakness across commodities today (ex-nat gas)? Look no further than here: The ratings agencies seem to be in the driver’s seat here as…
SEC Nails MN-Based Currency Trading Fraud
The SEC nailed a Minnesota-based currency fraud today, a bust that I believe will be the opening salvo in a much bigger battle to protect Americans from this burgeoning area of fraud. SEC Obtains Asset Freeze in Minnesota-Based Foreign Currency Trading Scheme FOR IMMEDIATE RELEASE 2009-253 Washington, D.C., Nov. 24, 2009 — The Securities and…
Speaking of Currencies…Here are Moneyhats!
Source: Make
3 Potential Bubbles for Retail Investors
The “everybody’s a real estate mogul” era started innocently enough, with a distaste for the stock market after the dot com meltdown and an incredibly long stretch of time with 1% interest rates. The leap from trading up in house size to using home equity loans for financing boat purchases certainly didn’t take very long. …
Hot Links: Godspeed Patrick Swayze
Stuff I’m Reading this Morning… A roundup of various currency ETFs and how they’ve done as the dollar dropped (and dropped). (Bespoke) Sorkin: Obama‘s big reform speech fell on deaf ears on Wall Street yesterday. (DealBook) Fast-Forwarding Gordon Gekko. (NYT) They fired the Wells Fargo foreclosed mansion squatter. I kinda liked the gal. (Dealbreaker) A…
The Top 10 Investor Traps According to the NASAA
For 90 years, the North American Securities Administrators Association (NASAA) has been committed to protecting and educating individual investors. The other day they put out a list of what they believe to be the Top 10 Investor Traps, and I thought they’d done a pretty good job of summarizing some of the major pitfalls that…
