Here's an irony: Even as the U.S. government is cracking down on illegal foreign accounts, other new laws and proposals could present big incentives for the wealthy to move more money offshore.
Saturday, December 24, 2011
Currency Roulette: Escaping the Risk On/Risk Off Trade Cycle
When you play roulette in a casino, you can choose between two colors: red or black. If you bet on red, and the ball falls into a red pocket on the wheel, you win. If it falls into a black pocket, you lose.
The ECB's Money-Printing Press
You can put a lipstick on a pig, but it’s still a pig. The European Central Bank calls its operation to provide liquidity to banks Long Term Refinancing Operations (LTRO). But what the ECB is really doing is its version of Quantitative Easing.
Even The Best Fall Down Sometimes; The Three Big Mistakes Traders Make
Not every investor lost money in the stock market crash of 1929. In fact, one trader made a cool $100 million trading stocks – about $1 billion today. His name was Jesse Livermore. Did Jesse retire on the beach and live happily ever after? Nope. Emotions can become our worst enemy in trading. After making his fortune, he became reckless in the markets and lost everything.
UK recession?
UK recession warning as services shrink - Telegraph | Kurat
Official figures have provided the clearest evidence yet that Britain is heading back into recession after activity in the UK's powerhouse services sector slumped heavily in October.
Germany Won't Let the Euro Fail
“People are looking at the hood of their car while they’re driving.
Some are even looking at their feet. No one seems to be
looking at the road.” Daniel Z., Swiss asset manager.
Don't Overlook Platinum and Palladium | Sovereign Investor
Why You Should Back Up Your Gold Holdings with Platinum and Palladium | Sovereign Investor
The cost of producing two of the world’s rarest metals is poised to surge and, for the savvy Sovereign Investor, that means only one thing – a buying opportunity. I’m talking about platinum and palladium. Platinum is 15 times rarer than gold. All of the platinum ever mined in the history of the world would fit in a room that measures 25 cubic feet. Palladium is even rarer.
London Trader Loses Big on Metals
In a year where betting on hard commodities has been touted by gold aficionados as a sure-fire way to make money, one market-maker is reportedly down hundreds of millions of dollars on bullish base metal bets.
China 's currency swap with Pakistan - CBS News
(AP) BEIJING — China announced a currency swap with Pakistan on Saturday in a new step to gradually expand use of its tightly controlled yuan abroad.
Idea For Oil Trade and Holiday Short Squeeze
Typically, the week before Christmas, stocks and commodities drift higher due to the lack of participants. Light volume favours higher prices, which is why stocks want to rise going into the holiday season.
FBI Looking Into MF Global Bankruptcy
The Federal Bureau of Investigation will check if millions of client accounts are missing after American brokerage firm MF Global filed for bankruptcy protection on Monday over its $6.5 billion eurozone debt exposure.
Commodities on the FBI’s Most Wanted List
The G-men wanted to know all about my Russian buddies. I explained that they were just businessmen. But the agents said they would be following them. They wanted to know if Boris, Alex and Dmitri would be travelling on the weekends and where they would be going. They wanted to know what would happen to the cash flow from the metal sales and how we would be paying the Russians in Moscow.
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