The Bitcoin Bubble is Next!

Bitcoin

  For those who missed out on the housing bubble and the high tech bubble of the last decade, the Bitcoin bubble is forming. Now valued at over $200 a unit as opposed to around $30 in February, a Bitcoin is a medium of exchange created on the Internet to compensate those for the electricity used in solving complex math problems. It has now ascended to a level to where it is reported to be used for money laundering and other financial … [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)

Screen Shot 2013-01-07 at 11.46.17 AM

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...]