E-voting machines on the Simpsons

You remember the furor in 2004 over the hackability of the Diebold voting machines? Well, that same worry is back in 2008 and apparently Homer Simpson has fallen prey. Watch the video. Hilarious. (hat tip Marshall Auerback). Related…

Forced liquidation

The recent movement in global markets has me scratching my head a bit. You have people dumping gold and the Swiss Franc in order to invest in the U.S. dollar and Treasury securities. Everyone says it is a flight to quality. I do not…

News round-up: 27 Oct 2008

The set-up for this morning is anything but good. We are looking at another ugly day as global equity markets have plummeted. We would be lucky to escape this with a 300-point loss like Friday.

Currency crisis is gathering storm

In the last few weeks, the currency market is where the action has been. We have witnessed massive moves in every major currency and in some not so major ones. To my mind, all of this is a prelude to some sort of currency crisis. This…

More links for 2008-10-24 [del.icio.us]

'I made a mistake,' admits Greenspan Alan Greenspan, the former Federal Reserve chairman, said the credit crisis had exceeded anything he had imagined and admitted he was wrong to think that banks would protect themselves from financial…

Dollar strength is an illusion

I have felt for sometime that dollar strength is a counter-trend that has a sell-by date written all over it. You see, the Federal Reserve is ballooning its balance sheet like nobody's business as it tries to be the global lender of last…

Chart of the day: Japanese Yen

Although off its highs for the day, the Japanese Yen is still looking very strong against every major currency. Earlier, it pushed as high as 92 yen to the dollar. Jim Rogers was on Bloomberg saying it was headed much higher.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More