|
|
|
How to Terror-Proof Your Money |
|
The stock market, especially tech
stocks like Google, Yahoo and EBay are trading at
higher valuations than tech stock prices during
the dot. It's not an
accident that the Golden Rule is frequently
misquoted as Those with the gold rule. Confederate
money, French assignats, Iraqui dinars, etc. It is
also worth remembering that all fiat currencies
(paper declared to be money by some authority
without it being exchangeable into anything else)
have eventually become collectibles. Gold and
silver have protected investors for centuries from
financial mismanagement, bad governments,
inflation, and of course, war.
|
Bankers in Denial |
|
It is ironic that Fitch cited the bear equity markets (that) have taken their toll not only on trading results but also on sales to private customers, the fund management business and on corporate finance. As the EU enlarges and digests, at the very least, the Czech Republic, Hungary, and Poland in 2004-5 - German franchises there will come under the uncompromising remit of the Commission once more. German diversification to Austria and central and east Europe will provide only temporary respite. Thus, German Laender are forced, by the European Commission, to partly abolish, three years hence, their guarantees to the Landesbanken (regional development banks) and Sparkassen (thrifts. In general, Germans fared worse than Austrians in their extraterritorial banking ventures.
|
|
|
|