China: Troublemaker on the World Stage? – ABC News

Posted by Matt in February 23rd, 2010 | no comment

Published in China, Abc News, Arrogance, beijing, China, Chinese Government, Currency Reserves, Economic Growth, Foreign Currency, Germany, Global Economic Crisis, Global Power, Lead, New Ice Age, Russian Economy, Self Confidence, Troublemaker, World News, World Stage

There’s a new ice age between Beijing and Washington, between the two centers that many already see welded together as Chimerica, a new “G-2″ global power. What has got into China?
For a start, the Chinese government is brimming with a self-confidence bordering on arrogance. The Chinese see themselves as the winners of the global economic [...]

Brazil May Have to Confront China – Council on Foreign Relations

Posted by Matt in December 15th, 2009 | no comment

Published in Brazil, China, Financial, Brazil, Cheap Imports, China Council, China Currency, China Economic, Council On Foreign Relations, Countries, Domestic Producers, Economic Model, Foreign Currency, Headache, Headaches, Miracle, Vitality, Vulnerability

China’s currency is pegged to the U.S. dollar causing all kinds of headaches for other countries. Watch for other countries to start confronting China over the pegging.
China’s current economic model is not working again.
Brazil’s vulnerability comes from its currency, the real, which has jumped by a third against the dollar in the past year. [...]

Hedging Dollar Depreciation Risk: Foreign-Denominated CDs

Posted by Matt in September 23rd, 2009 | no comment

Published in Financial, Added Bonus, Buy Cds, Capital Gains, Certificates Of Deposit, Currency Risk, Depreciation, Dollar, Fdic Insurance, Foreign Currency, Insurance, Investments, Investors, Low Interest Rates, Money, Overseas Interest, Risk Free Investment, Sales Pitch, United States

You can buy foreign currency CDs at Everbank. These CDs are also FDIC insured.
There is currency risk associated with these CDs. What if the dollar appreciates? You lose. If the dollar depreciates then you win.
Do consider a foreign currency CD, but don’t put all of your money in one due to the risks.
Mix together record-low [...]

Loan Crisis Looming in Eastern Europe?

Posted by Matt in June 9th, 2009 | no comment

Published in Europe, Asia Crisis, Banking Crisis, Brink, Central And Eastern Europe, Central Europe, Currency Reserves, Eastern Europe, Ebrd, Economists, Emerging Europe, European Bank For Reconstruction And Development, Fallout 2, Financial Crisis, Forbes, Foreign Currency, Global Financial Crisis, guardian, Neighbors, Npls, Peg, Reconstruction, Risk Loans, Western Banks

Some €180 billion in loans are ‘at risk’ in Central and Eastern Europe. If they went bad, could Western banks afford it? Should the West intervene now?
Nobody knows just how fast these “at-risk” loans are turning into NPLs, just that they are. The European Bank for Reconstruction and Development (EBRD), which warned of a potential [...]

Chile – The Real Latin American Powerhouse

Posted by Matt in April 29th, 2009 | 1 comment

Published in Americas, American Political Leader, Banks, Boom, Budget Deficits, Chile, Chile Economy, Downturn, Finance Minister, Financial Crisis, Financial Irresponsibility, Foreign Currency, Foresight, Gdp, Global Financial Crisis, Government Programs, Gross Domestic Product, Investors, Latin American, Michelle Bachelet, Powerhouse, President Michelle Bachelet, Rich Copper, S Gross, Subsidies, Tax Cuts, Throng

Chile is the only investment-grade country to be upgraded by Moody’s since the financial crisis began almost two years ago. The ratings agency also boosted the foreign currency ratings of four major Chilean banks.
There are two reasons why Chile’s economy, while not exactly vibrant at the moment, has caught the eye of Moody’s and a [...]

The whiff of contagion

Posted by Matt in February 26th, 2009 | 1 comment

Published in Economy, Europe, Financial, Account Deficits, Almunia, Berlin Wall, Boris Groendahl, Catastrophe, Christian Science Monitor, Chuck Missler, Confidence, Contagion, Currencies, Currency Woes, Depositors, Eastern Europe, Emerging Europe, Eurozone, Financial Crisis, Foreign Currency, Global Financial Crisis, Globe And Mail, International Herald Tribune, New Train, Paymaster, Recessions, Robert Marquand, Shareholders, Stress Tests, Weak Point, Western Banks, Whiff, Woes

Eastern Europe’s woes are not unmanageable. But they are not being managed. The result could be catastrophe
Contagion could happen in many ways. One is if depositors lose confidence that their savings are safe.
Another weak point is where shareholders take fright.
For now, the most likely source of contagion is collapsing currencies.
Read More…

The bill that could break [...]

Oil’s Crash Stirs Unrest in Russia as Slump Hits Home

Posted by Matt in December 19th, 2008 | no comment

Published in Russia, 1980s, 1990s, Attempt, Billions Of Dollars, Boris Yeltsin, China, Crash, Currency Reserves, Downfall, Economic Miracle, Financial Crisis, Foreign Currency, Global Financial Crisis, Gold, Japan, Job Losses, kremlin, Mikhail Gorbachev, Oil Prices, Periods, Public Panic, Ruble, Russia, Slump, Social Discontent, Social Unrest, Stirrings, Tens, Wsj

Russia’s oil-fired economic miracle is unraveling as industry shrinks and job losses mount. Now the first stirrings of social unrest have the Kremlin groping for a response.
…
Previous periods of low oil prices in the 1980s and 1990s contributed to the downfall of two Kremlin administrations — those of Mikhail Gorbachev and Boris Yeltsin. Often, social [...]

Almighty Dolor

Posted by Matt in May 10th, 2008 | no comment

Published in Financial, Baskets, Bet, Brazilian Reais, British Pounds, Canadian Dollars, Currecy Hedging, Denominations, Dolor, Everbank, Financial Institutions, Foreign CDs, Foreign Currency, High Net Worth Individuals, Indian Rupees, Jay Z, Minimum Investment, Mutual Fund, Overstatement, Single Currency, Swedish Currency, Viking Index, World Markets

Hedging the dollar with foreign-currency C.D.’s
Your choices include single-currency C.D.’s — euros, Canadian dollars, British pounds, even Brazilian reais or Indian rupees — or multicurrency C.D.’s bundling predetermined baskets of denominations. For instance, the Viking Index C.D. is made up of Norwegian, Danish and Swedish currency. Other financial institutions offer ways to, in essence, bet [...]