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Peter Garnham of the FT: Dollar falls as haven status slips: The dollar resumed its fall against major currencies on Thursday after a sharp sell-off in the previous session following the Federal Reserve’s surprise decision to embark on a quantitative approach to monetary policy. The announcement by the Fed on Wednesday that it was to buy $300bn in long-term Treasuries surprised investors who were expecting the central bank to wait to see the effect of previously announced measures to ease credit
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by Mike Ratliff After this he went down to Capernaum, with his mother and his brothers and his disciples, and they stayed there for a few days. The Passover of the Jews was at hand, and Jesus went up to Jerusalem. In the temple he found those who were selling oxen and sheep and pigeons, and the money-changers sitting there. And making a whip of cords, he drove them all out of the temple, with the sheep and oxen. And he poured out the coins of the money-changers and overturned their tables. An
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Source: The Gold Repor t Always challenging, always controversial and always the contrarian, 321gold.com founder Bob Moriarty always can be counted on for a few takeaway nuggets when he chats with The Gold Report. In this interview, his third with us over the past 12 months, Bob cautions against confusing investment savvy with ego-satisfaction, suggests taking time for due diligence instead of looking to gurus, and—of course—recommends a contrarian strategy. He also offers a few ti
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Schwarze Prognose: Der Welthandel wird 2009 um neun Prozent abnehmen - so stark wie seit dem Ende des Zweiten Weltkriegs nicht mehr. Das sagt die Welthandelsorganisation voraus. Auch boomende Wirtschaften wie China würden davon nicht verschont bleiben. http://www.spiegel.de G20-Gipfel: Brown plant globalen Datenaustausch Schlägt multilateralen Informationsaustausch von Steuerdaten vor. Keine guten Nachrichten für die Schweiz http://www.20min.ch Steueroase Jersey beugt sich französische
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Filed under: Forecasts , Other issues , Federal Reserve The U.S. dollar is getting hammered in world markets after the Federal Reserve announced plans to buy $300 billion dollars in long-term U.S. Treasuries. When the Fed buys bonds, it creates more money and that money is pumped into the economy. More dollars have the effect of weakening a country's currency. This is what is causing the present sell off in the dollar. For investors this creates a new dilemma. For the short term, there
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Helicopter Ben, did China just FIRE you and your reserve currency? The hand-wringing in China over the management of the global economic system continues.  This Monday 3/23, Zhou Xiaochuan, governor of the People’s Bank of China, made a case to ditch the U.S. Dollar, over the long-term of course, in favor of an global currency potentially managed by the IMF. Every Action has an equal and opposite Reaction I’m reminded of my high school physics.  Newton’s Third Law states, “ for every ac