Currency
Currency Articles
Jon OggThe U.S. dollar has not just met parity at 100/1 with the Japanese yen. It broke it, and now the yen is above 101 yen per dollar. This event has been a long time in the making and is on the...
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ThinkstockThe experiment behind the craze of the virtual currency Bitcoin may soon be coming to an end. The U.S. Commodity Futures Trading Commission (CFTC) is calling for regulators to look into...
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Wikimedia CommonsThe new U.S. $100 bill is set to debut in October. Along with a sleeker, more high-tech look, the new bill has new security features designed to thwart counterfeiters. For instance,...
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Jon OggThe great mystery and puzzlement behind Bitcoin may already be fading or disappearing. We recently questioned what the value would be for the price of gold or the price silver, based on...
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ThinkstockThe gold bugs are getting squashed and flushed down the drain as gold continues its slide. After breaking the $1500 mark on Friday there are some key calls to consider as gold could get...
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ThinkstockIf you have been following the coverage of Bitcoin this week, you have seen a frenzy level come about. The reality is that someone is trying to tell you that the value of a virtual buck may...
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Jon OggEndless printing of money to purchase assets and bonds in Japan is a real game-changing initiative. It devalues what had become a very overvalued Yen but creates problems for the rest of us....
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Frank Golhen, via Wikimedia CommonsIt is hard to believe already, but another earnings season is coming upon us. With both the DJIA and the S&P 500 up 10% or more in the first quarter, the trend...
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ThinkstockCyprus has reached a bailout deal that will keep the tiny island nation in the European Union. As we pointed out, those with bank deposits of less than 100,000 euro apparently will go...
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ThinkstockThe U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, the recession...
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ThinkstockThe Group of Seven nations have agreed to provisions to prevent currency wars. The prospect that countries might protect their trade via currency valuation manipulation has become greater...
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Jon OggCurrencyShares Japanese Yen Trust (NYSEMKT: FXY) and ProShares UltraShort Yen (NYSEMKT: YCS) have a lot to win or lose based upon the new devaluation/inflation strategy of Japan’s...
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Uber bank Credit Suisse Group (NYSE: CS) said today that it would begin charging customers a negative interest rate on deposits of Swiss francs beginning on December 10th. The bank did not say what...
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ThinkstockOnce again, the Treasury Department has elected not to label China as a currency manipulator. Many economists and politicians believe that action is absurd because the People’s Republic...
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ThinkstockThe Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those...
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