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It is Good to be the World’s Reserve Currency
It is Good to be the World’s Reserve Currency
I decided to write this piece because of a short post at Alea ; rather than comment there, I thought I would post something slightly longer here. Consider the similarities between the US and Britain in the current crisis: Accommodative monetary policies. Generally free-ish with ...
Peter Schiff Was Wrong
Peter Schiff Was Wrong
globaleconomicanalysis.blogspot.com — There are numerous YouTube videos, articles, and references to Peter Schiff being "right" rapidly circulating the globe.... While Schiff was indeed correct about the US imploding, most of the praise heaped on Schiff is simply unwarranted, and I can prove ... (more) Peter Schiff Was Wrong
Was the Euro a Mistake?
VoxEU.org — Barry Eichengreen , 20 January 2009 2008 was the year of asymmetric financial shocks for the Eurozone,... but 2009 is the year of the symmetric economic shock. All of Europe is slipping simultaneously towards recession and the threat of deflation. Here ... (more) Was the Euro a Mistake?
Euro Pacific Capital
europac.net — Euro Pacific Capital (more) Euro Pacific Capital
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Alea — Portugal Downgraded to A+ Dow Jones executives get white powder mail It is Good to be the World’s Reserve Currency J.C. Trichet: (Under-)pricing of risks in the financial sector Liquidity, funding and solvency: Policy responses and lessons Email This

Anyone Remember What Interest Rates Were?
CrossingWallStreet.com — ... David Merkel takes a look at the dollar’s role in the banking crisis. Since the dollar is the reserve currency of the world, and by definition there can only be one of those, it’s doing much better than other currencies out there. David cites the British pound which has much in common with the dollar, but since it’s not the global powerhouse, it’s getting left behind. ...

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The Euro Puzzle
tradinggoddess.com 6/18/2009 — The above chart is the EURO against the dollar. It is by far I believe the most watched chart in the world. Currently, it is being a pain to swing trade. A sell signal has been issued but in such a way, there is little to gain from it if you agree ...
Germany’s Recession Worsens Again
fistfulofeuros.net 3/12/2009 — Well sometimes it never rains but it pours, and as far as Germany is concerned, economically speaking (and my condolences to each and every German for yesterday’s tragedy) more than a “rainy season” what we seem to have is a monsoon, with a torrential downpour one day after ...
Deutsche Bank - Deutsche Bank reports net loss of EUR 3.9 billion for the year 2008
db.com 2/5/2009 — Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today reported unaudited figures for the fourth quarter and full year 2008 in line with its pre-announcement on 14 January 2009. For the full year 2008 , the bank reported a net loss of EUR 3.9 billion and a ...
See Inflation With Your Own Eyes
prudentinvestor.blogspot.com 7/29/2009 — Preparing my favorite cooked breakfast of bacon & eggs with fried tomatoes and baked beans on toast I stumbled upon another sign of food inflation. While this depicted can of baked beans costs an unchanged 89 Euro cents in my local supermarket I get less product for the same price. ...
The CEE and the Baltics - Moving Towards the Center of the Storm?
balticeconomy.blogspot.com 10/14/2008 — by Claus Vistesen: Lausanne As I peer out my window over towards the Alps and the northern entrance to Le Vallé du Rhône I can't help asking myself whether some of those experiments which are habitually conducted a mere 40 kilometers from my current ...
Elliott Wave Analysis on the Euro
blog.afraidtotrade.com 11/28/2008 — A reader brought to my attention to look at the Elliott Wave Count for the Euro Index, and there's an interesting development you might find interesting, or want to share you interpretation of what the count might be, or what might be in store next ...
Why the euro is not the next global currency
ft.com 10/20/2009 — The explosion of debate on the demise of the dollar has been instructive, though vastly premature. What is striking, however, is the absence of the euro from talk of alternatives as the global currency. Currency baskets, SDRs, even ...
Euro 2012 to be funded by Arab states of the Gulf?
fistfulofeuros.net 3/3/2009 — Has the global financial crisis crossed yet another threshold with indications that the financing of the Euro 2012 Championship could be imperilled? The successful joint bid of Poland and Ukraine looked on one hand like a smart move to recognize the eastern European fan bases but on the other ...
US Dollar to be Replaced as the World’s Reserve Currency?
agmetalminer.com 5/20/2009 — Nouriel Roubini made a typically depressing assessment of the future for the dollar if the US does not rapidly move to rein in spending and borrowing and pursue growth that is not based on asset and credit bubbles. Writing in the NY Times the NY ...
Eurozone: Spain's Ratings, Fate of the Euro?
benbittrolff.blogspot.com 1/15/2009 — The European monetary union isn't likely to survive the stresses of this crisis. The economies, cultures and politics of member states are so diverse (and some historic animosities so great) as to make the kind of cooperation required to get thru ...
Charlemagne: Iceland hunts the euroThe Economist: Full print edition 1/22/2009
Why a crisis-hit Iceland may apply to join the European Union as soon as March FOR a small country, Iceland has room for lots of contradictions. Some can be seen in the harbour of Reykjavik, the trim capital. On one side of the Aegisgardur pier lie ...