Tags: Currency, Expression, Money
Tag Archives: Currency
![The powerful European Central Bank [ E C B ] i...](http://farm5.static.flickr.com/4066/4416970001_ed802ee026_m.jpg "The powerful European Central Bank [ E C B ] i...")
Stiglitz: The Euro May Not Survive
3 Oct
The Columbia Business School-professor, makes the arguments in an updated edition of his book on the credit crunch, Freefall. In the new material, exclusively extracted in the Sunday Telegraph, he reveals his fears.
The European Central Bank in Frankfurt - via Flickr.
“The different needs of countries with high trade surpluses, particularly Germany, and those running deficits such as Ireland, Portugal and Greece, meant that the single currency was under intense pressure and may not survive. He suggests that one way to save the euro would be for Germany to leave the eurozone, so allowing the currency to devalue and help struggling countries with exports.
“Countries that share a currency have a fixed exchange rate with each other and thereby give up an important tool of adjustment,as long as there were no shocks, the euro would do fine. The test would come when one or more of the countries faced a downturn.”
More here.
Rethinking Revenue – Sell Ads On Money!
30 Sep
Perhaps selling advertisement on currency could help pay down the national debt? Here are some suggested layouts that would enable firms to “cashvertise”.
For the tip i thank Mark J. Perry.
The Stock Market Through The Gold Investors Chrystal Ball
29 Sep
“Thus if gold is truly a world currency, then the S&P 500 index of U.S. stocks is dirt cheap when priced in it. For every ounce of gold, you can now buy more than five times the amount of stocks you could have ten years ago, as shown below.
The tricky question is where this stocks-to-gold ratio will go over the next ten years.”
[via The Business Insider]
A Jewel? Glittering At Tiffany & Co, Profit Up 19%
27 Aug
Image by joanna8555 via Flickr
Rising Asian sales are boosting profits for Tiffany (TIF 40.91, +0.48%):
“In Asia, sales jumped 21% to $111.5 million and would have been up 17% excluding currency translations, with the growth led by China, Hong Kong, Macau and Korea. Comparable-store sales rose 7%. The company added its fourth store in Singapore and 12th in China during the quarter.”
Quotes & story via MarketWatch here.
The Big Mac Index: Euro – Still Overvalued?
23 Jul
The latest Big Mac Idex from The Economist – Norway on top again – Go to article: Burgeronomics: When The Chips Are Down
How I Learned to Short the Euro
19 Jul“What I’ve learned is that if you have a vision about where the world is going, and you manage to get into the trade at a good level, at the right size, and with the stop-loss in the right place, as long as the market continues to behave as I expected it to behave, then we keep the trade on.”
Are currency traders shameless speculators or essential to the gears of capitalism? Read the story.
WSJ Markets
- Asia on Debt Binge as World Sobers UpAsia's emerging economies are piling on debt to fuel growth, in stark contrast to the scaling back of private debt in the U.S. and Europe.
- Rocky Start for Stocks' New Circuit BreakersRules to curb violent stock swings are getting praise from some. But their slow introduction couldn't stop American Electric Power's 54% slide.
- Durable Goods Tell Two Different StoriesThe fact that Caterpillar's North American shipments of its machines to dealers fell 18% in April bodes poorly for Friday's report of April U.S. durable-goods figures. But the picture isn't so dire.
- Lessons for Euro From Two RevolutionsEurope overturned the convention of history when, unlike the U.S. or Germany before it, it created monetary union before political union. Now it is paying the price.
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