Posts filed under “Currency”

Quote of the Day: The Xera

Rhymes with Lira, sounds like zero! 

Via Bill Fleckenstein, comes this new name for the dollar — the Xera!

Introducing the Xera:

Thanks to the suggestion put forth by a reader of my daily column, I have come up with the new name for our currency. Henceforth, it shall be called the xera. That’s a combination of Xerox, for the piece of Xerox paper that it is; lira, which in the past was one of the world’s chronically weak currencies; and, most importantly, the fact that it sounds like zero. That is ultimately where the xera is headed.

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Source:
The Fed digs us a deeper hole
Bill Fleckenstein
Contrarian Chronicles
MSN 11/5/2007 12:01 AM ET
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/TheFedDigsUsADeeperHole.aspx

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