November 11, 2009 –
These two teaser lines in today's WSJ Morning Brief e-mail were good for a chuckle.
Geithner said maintaining a strong dollar is "very important" for the U.S. economy.
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Further dollar weakness drove gold to a new record, after comments from a top Federal Reserve official indicated the Fed won't stop the dollar's decline unless it becomes disorderly.
Looks like someone got the wrong set of talking points.
Russ
November 08, 2009 –
On 5 Nov, Marketwatch ran “The gun that beat inflation” by John Ittner. Mr. Ittner’s research showed that the price of a new Colt Single Action Army (SAA) revolver, also know as the Peacemaker, has been roughly comparable to one ounce of gold from the time the revolver was first produced in 1873 to present day. He also notes that an original 1873 Colt is worth considerably more than an ounce of gold, hardly a surprise. [more]
October 31, 2009 –
Most Fools understand getting exposure to markets outside the US through equities either based outside the US or with significant business operations outside the US. But what about currencies? The Reserve Bank of Australia bumping their target rate to 3.25% recently was a hmmm moment – how do Australian dollar deposit rates compare with the near zero savings and short term CD rates at US banks and how difficult is it to open a foreign currency savings account? A little Google work turned up the following three possibilities. [more]
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