ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Census: 1 in 6 Americans living in poverty | ajc.com The ranks of the nation's poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in over … Read more
Popping the gold bubble theory – Bill Fleckenstein – MSN Money it recently occurred to me that virtually no one who recognized the tech-stock and/or real-estate bubble now says that gold is a bubble. In fact, almost all of us who identified those bubbles long before they burst actually own gold, and have for quite … Read more
Swiss Franc Peg – Swiss Central Bank Move 'Huge Mistake': Jim Rogers – CNBC The move "will work for a while, but the market will have more money in the end than the SNB," Rogers, who was the co-founder of the Quantum Fund with George Soros, told CNBC.com. The Swiss central bank risks losing "a … Read more
Swiss National Bank Pledges Unlimited Currency Purchases – Bloomberg The Swiss central bank imposed a ceiling on the franc’s exchange rate for the first time in more than three decades and pledged to defend the target with the “utmost determination.” The Swiss National Bank is “aiming for a substantial and sustained weakening of the franc,” … Read more
The Great Bank Robbery – Nassim Nicholas Taleb and Mark Spitznagel – Project Syndicate …banks take risks, get paid for the upside, and then transfer the downside to shareholders, taxpayers, and even retirees. In order to rescue the banking system, the Federal Reserve, for example, put interest rates at artificially low levels; as was disclosed … Read more