Earlier this week, Bloomberg published an article that examined the case of the missing link. It was not devoted to human evolution in a biological sense, but rather unintentionally to the emotional need to resist change. The title of the piece is, America’s Role of Consumer of Last Resort Goes Missing, and it continues from there on the theme of [...]
The Reserve Bank of India again intervened against the dollar last night, bringing the rupee off its historic low. The intervention, however, was dissimilar from previous moves as it took the form of restricting flow. According to The Hindu, the RBI took to, “ordering state-owned oil companies to purchase their dollar requirement from a single public sector bank for every [...]
The majority of investors that are attracted to gold are those that view the metal as real money. Money is a supposed to be a limited, scarce object that is not subject to the whims of human interference. But, to the dismay of true money believers, gold long ago lost the war of the modern evolution of the nexus between [...]
In the bank meltdown of 2011, the financial sector was in obvious and blatant distress much to the obvious and blatant consternation of every central banker in the modern economic “community”. By September 2011, the US Federal Reserve re-opened (a second time) dollar swaps with the ECB to pass US $ funding on to local banks that were again in [...]
Joe should have known better than to ask, but for the sake of keeping this a blog post and not a full-blown research essay I will oversimplify as much as possible. In most media, the Swiss currency is treated like every other – as a function of, or tied to, the local economy. Thus currency moves are related to how [...]
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