A Deal for Dunces?

A Deal for Dunces?

You may have noted that the cheers coming from Europe over the new Greek bailout deal are rather … uh … muted. The reason is simple: the new deal is not the climax of the crisis. It simply means the climax has been pushed into the future. Greece and the...
Move Your Ass(ets) Now! – Part II

Move Your Ass(ets) Now! – Part II

My source in Madrid is as emphatic as ever. If your money is tied up in the Eurozone, your money is in trouble. During this last weekend’s referendum, voters in Greece voted to “No” to the bailout package offered (or rather “coerced”) by...
Coming Soon: A Greek Return to the Drachma

Coming Soon: A Greek Return to the Drachma

Meet the New Boss, Same as the Old Boss. If you start hearing “Greek government” and “IOUs” in the same sentence, this means the euro in Greece is effectively dead or on life support, and that those IOUs are in effect a new currency, or...
New Zealand Ceasing to Become a Safe Haven for FOREX

New Zealand Ceasing to Become a Safe Haven for FOREX

Beginning earlier this year, New Zealand authorities have been scrutinising foreign exchange currency trading firms, especially new applications. New Zealand had been one of the best offshore jurisdictions for opening FOREX brokerage firms and accounts, with low...
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