Golden Cyberfetters - NYTimes.com
Fabulous insight on the basis of a currency and a monetary system. Great article.
Tag Results: currency
“What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich.”
Specimens of a proposed alternative currency for Ivory Coast, handed out at pro-Gbagbo rallies, is known as the “Ivorian currency of the resistance.”
Photo via BBC
I say bring it on! It won’t effect my trading none. In fact, it just may induce a beautiful trending environment that I, and many other traders, will simply take advantage of.
Tomorrow’s cover today: How to stop a currency war. Keep calm, don’t expect quick fixes and above all don’t unleash a trade fight with China.
You’re the yuan that I want: A cashier in China stacks towers of 100 yuan notes. While the euro may be in peril (see yesterday’s post) more stones are being removed from the great wall shielding China’s currency from the outside world.
China always remains very interesting to me in their business and currency dealings. It may not be fair but it is ALWAYS in their best interest. I can’t say that I’m all that mad at that. The rest of the world just better wise up.
- Via
- theeconomist
This week illustrator Derek Bacon pelted rocks through the windows of a euro note: a fitting image for our briefing on the future of this badly damaged single currency.
The euro has rallied almost 1000 pips in the last 14 days. Despite this impressive rally, many market participants feel this way about the euro. Eventually the market will again too.
“The stealth intervention by the SNB last week has done its job. Banks are recommending finding a new safe haven currency and custody accounts are dumping CHF in favor of an undervalued GBP.”
Wow!! I read this in DailyFX Plus. Another fundamental support to the current (new) up trend in GBPU/USD.
