A Smarter Investment than Gold

A couple of quotes from Andy Smith’s Precious Thoughts commentary 19 April 2010 I like:

“the euro, still, arguably the most toxic structured product built by man”

“But this [SEC vs Goldman Sachs] is a never-ending story: The Inquisition -> Salem -> McCarthy -> Spitzer -> and here we are. It’s about politics/power/control. Guilt/innocence . . . → Read More: A Smarter Investment than Gold

Currency Futures: An Example of How India Changes

Exchange-traded derivatives originally only did commodity underlyings. The world’s first financial underlying was : currencies. On 16 May 1972, the Chicago Mercantile Exchange started trading in currency futures. To any finance person, nothing is simpler than a currency futures, but unfortunately in India a mixture of ignorance, ideology and turf considerations has hindered progress.

. . . → Read More: Currency Futures: An Example of How India Changes

Economic Events on April 23, 2010

At 8:30 AM EDT, the Durable Goods Orders report for March will be released.  The consensus is that there was a gain of 0.4% from February, which would be the fourth consecutive month of gains.

At 10:00 AM EDT, the new home sales report for March will be released.  The consensus is that 330,000 . . . → Read More: Economic Events on April 23, 2010