…access to top games. Not so long ago — before casinos, currency and commodities speculation, and credit default swaps became big business — U.S. courts would not enforce gambling debts,…

…in the WPI index was highly correlated with weekly increases in the dollar price of gold (i.e. currency depreciation.) And those changes (in gold prices) were caused by explicit statements…

…‘trade treaties’. (Another post is needed for the most recent three examples…). Last week’s Senate bill on Chinese currency intervention predictably enough brought out all the same old arguments about…

…prices are going down, not up. As more and more market participants equate gold to another currency, they are simply diversifying their cash into that currency along with Dollars, Pounds,…

…some illustrations of the polarizing of bond markets that’s coincident with the euro area bond crisis. (Notice I do not say currency crisis because it’s really the bond markets that…

…the foreign exchange market (this caused a temporary stabilization in early 1923). Step 1: introduce a parallel currency whose value is indexed to the dollar (it always is the dollar…

…with rising CDS spreads (CDS spreads are current as of 4pm today and may vary according to pricing source): the stock of debt held by foreigners (any currency denomination) and…

…that if Ireland didn’t apply for an EU/ECB/IMF bailout for its failed banking system, its soaring budget deficit and its colossal national debt, then the European single currency might collapse…

…relative prices to drive real German appreciation in order to rebalance current accounts across the region amid a fixed currency regime. The Eurozone region is now characterized by current account…

…blatantly misleading in that it says nothing about the Marshall Plan or the German currency reform. The German recovery did not really start until after the currency reform of 1948….