Graduates – Live a Little Without Stretching Yourself Thin

Brandon Foster Gray

by Brandon Foster-Gray This one is for the recent college graduates out there, or undergrads looking to graduate in the next year or two. This post involves a bit of math, but put away your calculator; I already did the work for you. Before we get started, I want to ask if you have seen the classic scene from The Cosby Show, where Dr. Huxtable uses Monopoly money to explain to Theo how the real world works. If you have not seen it, do check it … [Read more...]

Foreign Currency Losses Were Telegraphed in Advance

Forex graphic #1

In a recent Wall Street Journal article by Alex Frangos, ““Top Banks Missed Call Y100 Level Soon,” it was reported that not a single analyst from 15 financial institutions expected the Japanese Yen to fall to 100 per US Dollar.  Across the board, investors in traditional safe haven assets such as gold and foreign currency were caught unprepared by the impact of Quantitative Easing III and other money creating efforts by the world's central … [Read more...]

Urgent: Senate To Vote on Student Loan Reform

Urgent: Send them a note right now asking them to support Senator Elizabeth Warren's bill to lower student loan interest rates.  Just a few weeks ago, I sat in my cap and gown with thousands of other graduating students. As our parents applauded, speaker after speaker told us, "You're going to change the world!" It was a nice change of pace -- every other day, I hear about how my generation is made up of "lazy, entitled narcissists" [1] who … [Read more...]

Can Cyprus Remain a Foreign Exchange Haven?

Cyprus bank

In much the same way that profits earned abroad by American companies are not kept physically offshore, foreign exchange, brokers in Cyprus have been alerting clients that their accounts are not under threat from any confiscatory measures like the savings accounts for the citizens of the island nation. Due to a favorable regulatory regime, Cyprus is one of the top five foreign exchange trading hubs for brokers.  While the gross domestic … [Read more...]

Currency Survival In The European Debt Crisis

European markets

What has been perhaps the most significant factor in the European Debt Crisis for the currencies markets has not been the actual event itself, but the reaction of global central bankers. The rounds of quantitative easing that have been used to combat falling asset prices have engendered profound consequences not previously considered. Certainly among those roiling the markets has been the detachment of gold from its traditional link to fiat … [Read more...]

Machiavellian Deadline Deals (MADD)

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Now, one of the things we all keep telling ourselves is please don't  leave -whatever it is – to the last minute. advice, that personally, I am prone to ignore. Machiavellian deadline is upon us. The US Administration and I seem as one on this. The Government /House / Senate had a compromise to reach over 'The Fiscal Cliff`. The world and her husband knew very well that given the ludicrous/catastrophic alternative to an agreement, OF COURSE … [Read more...]

Prepare To Profit From Global Takeovers

Global Takeover

With bullish economic data emerging from China and record capital inflows into the world's exchanges, there should be even more takeover activity around the globe in 2013, particularly in the energy sector. This is the time to prepare to profit from global takeovers. Compared to other countries, China has a stronger currency, $3.2 trillion in foreign reserves, billions more being booked each month in export earnings, and an even more powerful … [Read more...]

The TRUE Cost of Corporate Greed

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The news of layoffs seems to be the new “normal” in financial industry.  As banks stray out of traditional areas and it’s the rank and file who seem to take the hit, the cost of a return to normalcy is incredibly high. The True cost of corporate greed is being shown. UBS has agreed to pay about $1.5 billion to settle a portion of the claims against it for securities trading violations. And now there are 10,000 layoffs looming as part of … [Read more...]

The “Other” Cliff Comes With Heavy Price Tag For Economy

The Other Cliff

As the Fiscal Cliff has garnered a great deal of attention, another cliff is waiting on the horizon in the shape of vast regulations that President Obama will try to push through in his second term.    This wave of far reaching regulations could pose a bigger threat to the US economy that appears to finally be turning the corner from the financial crisis of 2008. In fact, some observers contend that cost of newly proposed regulations could … [Read more...]