Wed Mar 18, 2009 By Jeremy Gaunt, European Investment Correspondent LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on...
Obama Has No Clothes By David Galland It would be unfair to pounce all over Team Obama this early in their administration. After all, while the Democrats bear a lot of responsibility for the knee-deep toxic mess now covering the floor of the engine room, the bulk of...
If you had purchased $1,000.00 of AIG stock one year ago, it would now be worth $56.91. With Washington Mutual, you would have $4.58 left of the original $1000. With ‘Fannie Mae’, you would have $11.34 left. If you had purchased $1000.00 of Lehman Bros one...
At some point in the possibly near future, the rest of the world is going to look at the American dollar and say, “To heck with this”, and presto, we will no longer be the reserve currency of the world. It’s going to go one of two ways. The first choice is the dollar...
It’s scary out there for investors today, especially if you have much of your portfolio in stocks. Let’s go to the headlines and find the latest scandal. Scanning…scanning…ah, that didn’t take long. Here’s one. Bailed out insurance sideshow AIG pays $165 million in...
