• Currency

    Will The Dollar Be Worthless Or Worth Less?

    Yesterday a Dow Jones newswire story ran a headline claiming that billionaire investor Warren Buffett had said the dollar will be “worthless” if the current account deficit continues. But the story itself said something very different. “If our current account deficit keeps running at present levels, the dollar I think is almost certain to be […]

    / Feb 7, 2008 at 10:07 AM
  • Currency

    The Bernanke Dollar’s Latest Victim: The Kind Northern Bud Trade

    We’ve been accused of being obsessed with vice, and, to be honest, we’re not entirely uncomfortable with the charge. Indeed, we often suspect that our mixed-up age has entirely reversed the proper ordering of values, so that virtues are branded vices and vices, virtues. Aristotle would not be happy, and neither would the bartenders at […]

    / Nov 13, 2007 at 10:58 AM
  • Currency

    Dong Rising On Dollar Surplus

    Vietnamese bankers aren’t that much unlike “punch bowl” caucus bankers in the United States. Their dongs began going up when Bernanke unzipped his monetary fly in September. And, as it turns out, these rising dongs are really upsetting to some Europeans. Yeah, yeah. We know. We’re ashamed we went there with this headline too. We’re […]

    / Oct 4, 2007 at 3:22 PM
  • Currency, FOREX

    The Market Follows the Yen Carry Trade

    The Wall Street Journal reports that the yen hit a three-month high against the dollar today. Combined with the yen’s rise against other currencies and volatility in global markets, investors rushed to unwind yen carry trades. Many market oracles contend that the fine difference between a boom and its busting rests on movements in the […]

    / Jul 26, 2007 at 3:59 PM
  • Currency, Kazakhstan

    The Cost of Borat

    Kazakhstan seems determined to help British comic Sacha Baron Cohen promote his latest movie by publicly decrying the character he plays as an insult to the Kazahk nation. The largest movie chain in Kazakhstan has even banned Borat: Cultural Learnings of America for Make Benefit Glorious Nation Kazakhstan. These are the kinds of moves which, […]

    / Oct 2, 2006 at 2:47 PM

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