Recent gains for the US dollar
It’s interesting to note that as soon as we see some bad news in Europe, the dollar gains against virtually every currency in the world. The dollar is still considered “safe” (despite the fact that...
View ArticlePredictions for gold, stocks, and currencies
Interesting article here that predicts gold prices will slide while large gains can be made with certain currencies in Asia. They say go heavy on stocks but from developed rather than emerging markets.
View ArticleJoblessness in the US to stay for a while?
This article says unemployment will remain high and change America significantly: The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will...
View ArticleDeflation for the US?
Here’s an article on corporate debt and the risk that if leveraged companies cannot get access to credit, they default on their maturing bonds and go into bankruptcy. The act of defaulting is...
View ArticleFailures leading the economy into this mess
Get this sequence of logic: Bernake: The coordinated response of the central banks saved the world from a financial meltdown Bernake: Now government has to raise taxes and spend less Ok, here is...
View ArticleSouth Korean won strenghtening – Bank of Korea getting involved?
I brought several tens of thousands of dollars and converted them to won (to get a new apartment) about 6 months ago. The exchange rate was about 1150. Eventually that money is going back to the US and...
View ArticleTips for buying a Short Sale home
If a seller sells a house that they owe money on – more money than the house is worth – it is called a short sale. Since the bank is going to end up taking a loss, they need to approve the sale....
View ArticleIs the currency war finally here?
We’ve known this currency war is coming because it has to. An economy that depends on the whole world selling to US consumers, on credit, while taking America’s jobs and industries can not be...
View ArticleTime for South Korea to fight inflation?
Interesting article here on the problem facing South Korea. They prefer a weaker won to drive exports but if they fight inflation at home the won gets stronger.
View ArticleAtlanta real estate market
Like the state of Georgia, Atlanta has an unemployment rate higher than the national average (about 10.4 percent compared to 9 percent). The real estate market, specifically the slow down of new...
View ArticleThe Time Bernanke got it wrong
Worship at the alter of Bernanke helped fuel the fiscal crisis. As the New York Times article chronicles, on of the sources of tinder for the massive upswing in risk-taking during the middle of the...
View ArticleA forex primer and some good educational videos
Since I lived in Korea for 12 years, and since those 12 years were pretty much my entire adult life, until recently all my personal wealth was in Korean won (KRW). While in Korea, I saw the won...
View ArticleJoblessness in the US to stay for a while?
This article says unemployment will remain high and change America significantly: The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will...
View ArticleDeflation for the US?
Here’s an article on corporate debt and the risk that if leveraged companies cannot get access to credit, they default on their maturing bonds and go into bankruptcy. The act of defaulting is...
View ArticleFailures leading the economy into this mess
Get this sequence of logic: Bernake: The coordinated response of the central banks saved the world from a financial meltdown Bernake: Now government has to raise taxes and spend less Ok, here is...
View ArticleSouth Korean won strenghtening – Bank of Korea getting involved?
I brought several tens of thousands of dollars and converted them to won (to get a new apartment) about 6 months ago. The exchange rate was about 1150. Eventually that money is going back to the US and...
View ArticleTips for buying a Short Sale home
If a seller sells a house that they owe money on – more money than the house is worth – it is called a short sale. Since the bank is going to end up taking a loss, they need to approve the sale....
View ArticleIs the currency war finally here?
We’ve known this currency war is coming because it has to. An economy that depends on the whole world selling to US consumers, on credit, while taking America’s jobs and industries can not be...
View ArticleTime for South Korea to fight inflation?
Interesting article here on the problem facing South Korea. They prefer a weaker won to drive exports but if they fight inflation at home the won gets stronger.
View ArticleShould I invest my down payment in the stock market?
Question emailed to me: Let’s say my good friend has $100K. He has approximately one year to make this money grow until he has to buy a house. $20K of that is already in stocks, but doesn’t exactly...
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