Harsh but true words on Greece, the Euro
Greece is the canary. Europe is the coal mine. One voice calling it yellow and black.
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Read more: Harsh but true words on Greece, the Euro
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Fitch downgrades outlook for South Africa
Read more: Fitch downgrades outlook for South AfricaFitch downgrades outlook for South Africa to “negative”. Ferial Haffajee highlights a difference in reasons given by Treasury (blame the international economy) and Fitch (unemployment).
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Competing European interests
Read more: Competing European interestsThe BBC has a great overview of competing European interests, demonstrating exactly how far they are from a deal. In my mind, this is half of the reason markets are going to punish European bonds soon. The other half is that the proposed deal is rubbish. It doesn’t fix the causes but tries to ban…
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I’m wrong, but only for now
Read more: I’m wrong, but only for nowIt turned out the markets didn’t have an awful day. Â Italian bond yields are actually markedly down. So I was wrong about markets being ugly as a result of the ill-conceived plans for the Euro Zone. Call me stubborn perhaps, but I firmly believe the agreement is an awful one. Â It doesn’t address the primary…
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Renminbi or Yuan
Read more: Renminbi or YuanRead this article from the BBC describing the difference between, or at least different usage between, Renminbi and Yuan. “Renminbi” is the official name of the currency introduced by the Communist People’s Republic of China at the time of its foundation in 1949. It means “the people’s currency”. “Yuan” is the name of a unit…
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I could be rich – Bitcoin edition
Read more: I could be rich – Bitcoin editionIn June, after explaining why Bitcoins were an overrated fad at best and a truly awful idea for a currency at worst, I conclued “Now I just need to find a way to short Bitcoins.“Check out the price dropping from aroudn $30 to below $5.
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The GMU won’t be in place by 2015
Read more: The GMU won’t be in place by 2015Although the original and long-planned date for the Gulf Monetary Union’s single currency was 2010, I’m putting my neck out once again and predicting that a currency union of all the current GCC countries won’t happen by end 2015. There are too many political problems, too much fallout from the Euro and, frankly, too many…
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History of words and future of money
Read more: History of words and future of moneyRecent article on the history of words for currencies in Europe, the Middle East and the Subcontinent. The article takes the historical words and supposes maybe some of the words will need to be resurrected in the near future.
