The Economist published an excellent analysis on the future of reserve currencies in the world (link).
:: Saturday, March 20, 2010
Disclaimer: This article neither constitutes nor should it be relied upon as legal, investment or tax advice.
Almost everyone uses the dollar to calculate, plan and settle transactions in the United States and beyond. Likewise feet or meters are commonly used to calculate, plan and construct many building and engineering projects.
If units of length were mired in definitional [...]
Last week, the Fed took a very dramatic step in providing some relief to the ailing economy, by creating money to buy bad assets of the crumbling financial institutions. Last week the Fed bought $5 billion of Freddie Mac, Fannie Mae, and Federal Home Loan Bank corporate debt.
Okay we know the Fed had [...]
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