Submitted by Chris at Capitalist Exploits blog,
This is the first part of a series of articles (I don't know how many, I'm not done yet) designed to explain what is easily THE most important, albeit poorly understood (even by professionals) market on this ball of dirt.
Eurodollars: What Are They?
To best explain what Eurodollars are we start with the English language.
By Chris at www.CapitalistExploits.at
This is the first part of a series of articles (I don't know how many, I'm not done yet) designed to explain what is easily THE most important, albeit poorly understood (even by professionals) market on this ball of dirt.
Eurodollars: What Are They?
To best explain what Eurodollars are we start with the English language.
Forget the "impossible trinity" - Turkey is facing a just as impossible dilemma where it is trying to juggle two things at the same time: attempts to lower interest rates while supporting its currency, and predictably it is failing.
On Friday, the Turkish Lira crashed to record lows, plunging as much as 3.60 against the dollar when Turkish president Erdogan urged banks to lower interest rates because in order to stimulate investment in the economy "there is no other remedy".
The U.K. government is funding ISIS to the tune of $723 million, according to leaked British government documents. The leaked documents reveal the British government is sending $723 million in “aid” to Somalia while admitting it is “certain” to be used to fund terror groups ISIS and Al-Shabaab. The revelation that the UK is funding ISIS comes in a leaked 41-page business plan drawn up by the UK’s Department for International Department. The Daily Mail reports that the document, leaked to The Mail on Sunday, outlines strategy until 2020, and is marked ‘Official Sensitive’ on every page.
Donald Trump has vowed to abolish the Federal Reserve and reinstate the gold standard when he enters the White House in January. One of Trump’s picks for the Treasury Department Secretary, John Allison, is planning to begin implement the gold standard when the current Federal Reserve Chief, Janet Yellen, retires in 2018. Conservativedailypost.com reports: On the campaign trail, Trump often questioned the future of the Federal Reserve’s political independence. In line with these comments, Allison wants to abolish Federal Reserve all together and go back to the gold standard.