Posts filed under “Currency”
I know I mentioned this earlier this morning, but really, how awesome is this:
The Toronto Sun is reporting that:
“A drive was launched in the aftermath of Nimoy’s death on Friday to ink the features of his most famous character, Star Trek’s Mr. Spock, on five dollar bills showing a portrait of Canada’s seventh prime minister Sir Wilfrid Laurier.
Large numbers of the notes in circulation now show Laurier with Spock’s pointy ears, trademark haircut and eyebrows, a Star Trek badge and the character’s mantra “live long and prosper”.
Live long and prosper . . .
INSIGHT 2015 Investment Themes A. Gary Shilling January 28, 2015 Our 2015 investment themes are quite similar to our 2014 list that worked well for us. If it ain’t broke, don’t fix it. The Treasury “bond rally of a lifetime” still seems intact. The “risk on” investment climate for U.S. equities persists, but…Read More
US Dollar Strength and US Stocks David R. Kotok Cumberland, January 19, 2015 “What does U.S. dollar strength mean for U.S. stocks? When companies become large and global, with sales sourced from a broad swath of countries and currencies, they develop natural portfolio hedges (as opposed to synthetic hedges using derivatives). Theoretically, gains…Read More
Switzerland – Chapter 2 David R. Kotok January 16, 2015 In the wake of Switzerland’s removing the cap on the Swiss franc’s value against the euro, debt owed by non-Swiss agents has become an emerging issue. That debt, denominated in either Swiss francs or in euros, is secured by collateral outside of Switzerland. Is…Read More
Central bankers, most of them versed in the history of the Great Depression and deflation, haven’t been exactly reading from the same hymnal for the past few years. There are signs, though, that this might be changing. Perhaps it is merely a coincidence, but the U.S., with the most activist central bank and after more…Read More
The 2 major data points during the week were December CPI data for the EuroZone (EZ); and US December non-farm payrolls. EZ December CPI came in at -0.2% Y/Y, weaker than the decline of -0.1% Y/Y and below Novembers +0.3%. However, core inflation rose to +0.75%, up from +0.67% in November. The data is yet…Read More
Source: OCCRP From OCCRP: Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added…Read More