Posts filed under “Currency”
Capital Flight inside the Euro Area: Cooling Off a Fire Sale Matthew Higgins and Thomas Klitgaard Liberty Street Economics, October 02, 2013 Countries in the euro area periphery such as Greece, Italy, Portugal, and Spain saw large-scale capital flight in 2011 and the first half of 2012. While events unfolded much like a…Read More
Back in my days as a trader, I would peruse the lists of 52 week lows looking for reversal candidates. The key was finding an intelligent entry that had a very tight stop, so it presented a good risk reward. I am happy to risk one dollar to make three. Slowly build the position over…Read More
EVERY Market Is Rigged Bloomberg reports today: Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice. Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and…Read More
United States $10 Banknote, Legal Tender, Series of 1901 Hat tip boingboing, National Numismatic Collection (NNC) of the Smithsonian Institution Back in the day, US currency did not have Presidents on it, but rather, consisted of “animals and symbolic statuary” as well as landscapes.