Should You Put Your Savings in a Chinese Bank Account?
At one of three Bank of China branches in the United States–two in New York and one in Los Angeles–an American ... how many Euros there are to the dollar or how Mexican pesos you get for one Turkish lira. The new bank account does nothing to alter ...
Mexican peso crisis illustrates distortion in some currency markets
In his analysis, high prices of tradables correspond to high exchange rates - too many pesos to the dollar - which, in turn, can be related to free currency markets. His argument goes this way: In "soft" currency ... supply equal to demand does not produce ...
Does Wealth Equal Money?
The U.S. dollar index is up about 9% since early September, 2008. Does money = wealth? Well ... Incidentally, my favorite short is the Mexican peso. Mexico has been holding interest rates extraordinarily high for many months which has kept the decline ...
How Gold and the Dollar Index Are Fooling You
While most eyes were glued on gold (which rose only 1.9% last week) or the euro’s erosion to the dollar, the bigger story is that the dollar is steadily declining in terms of many ... Mexican peso! The Canadian dollar is up 4.6% year-to-date and is now ...
Rep. Luis Gutiérrez explains how immigration reform gets out of the House
I'm going to join 30 other Republicans and say, 'You're not going to get anything because conference equals amnesty in your mind, or equals getting an immigration bill.'" How does that speak to American ... are not Mexican pesos. They're dollars.