New Euro jitters?
Hmph, how can the Italian election cause new Euro jitters when there never were any jitters, eh?
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Read more: New Euro jitters?
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Was the Euro ever in trouble?
Read more: Was the Euro ever in trouble?My incorrect prediction last year was that Italian bond yields would spike or someone would leave the Euro. I was wrong. Interest rates did get pretty scary. Â There was plenty of talk about Greece leaving the Euro. But it didn’t happen. How memories fade. Already, there are stories and quotes trying to downplay the very…
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What happened to the Grexit?
Read more: What happened to the Grexit?More on this and developments in bond yields over the next few weeks. Greek (and Italian and Spanish) bond yields are down. Credit ratings have stopped deteriorating and Greek ratings have even improved recently. Certainly a temporary stability as emerged and the political noises are less worrying than they were a few months ago. Would…
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A Year in the Life of EURUSD
Read more: A Year in the Life of EURUSDI need to do something like this for the poor old ZAR and the year we’ve had.
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Bitcoin Ponzi not Bitcoin’s fault
Read more: Bitcoin Ponzi not Bitcoin’s faultThis recently collapsed ponzi scheme was based on Bitcoins. It could have happened with US Dollars or Danish Krone or South African Rand, so it’s not really the fault of Bitcoins (to personify a digital currency momentarily) but I think there is a link. Those who like Bitcoins are from four groups Nefarious ne’erdowells who…
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alternative investments, banking, currency risk, economics, inflation, investments, managing uncertainty, news
Gold ain’t happening yet
Read more: Gold ain’t happening yetPaulson and Soros still think Gold is a buy, adding to their stakes as the price declines. It’s also not very brave of me to blog about this now as gold has declined when for much of the financial crisis it was increasing in price. I’ve been watching other things. The idea that the gold…
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Money clipping of the incompetent kind
Read more: Money clipping of the incompetent kindArgentina’s 100 Peso bills are now 00 Peso bills. Too many things to say, I don’t even know where to begin.
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Damned if you do
Read more: Damned if you doI almost feel sorry for the credit ratings agencies. Sure, their business model is fraught with conflicts of interest and the daily opportunity for ethical disasters. Maybe they totally underestimated the risk inherent in MBS and demonstrated a complete lack of ability to understand correlation, diversification and outliers. Sure, their ratings have been shown to…
