currency

Quoted: The dollar was so weak, said her cousin, a 27-year-old nurse, “We had trouble spending all our money.” Add a new superlative to New York’s long list: world’s most fabulous discount mall.

Quoted: The dollar was so weak, said her cousin, a 27-year-old nurse, “We had trouble spending all our money.” Add a new superlative to New York’s long list: world’s most fabulous discount mall.

Quoted: in this clip [of a Jay-Z music video], shot in the glimmering, neon-lit canyons of New York City, are the repeated glimpses of flickering wads of €500 notes.

Why a weaker dollar is not necessarily good for the U.S.

Quoted: Understanding the fundamentals and action of these two markets is key to understanding how a falling dollar hurts US citizens. Gold is in ‘danger' of reclaiming its status as real money rather than a commodity. We import around 2/3 of our oil and refined petroleum products. We pay for this oil in dollars. This will add upward pressure to the net value of our imports. Rising import prices as a result of the falling dollar are putting added strain on the already compromised balance sheets of many families. Add this situation to the housing fiasco and it becomes a lethal concoction.

Quoted: Tens of thousands of married Japanese women ventured into online currency trading in the last year and a half, playing the markets between household chores or after tucking the children into bed. While the overwhelmingly male world of traders and investors here mocked them as kimono-clad “Mrs. Watanabes,” these women collectively emerged as a powerful force, using Japan’s vast wealth to sway prices and confound economists.

Quoted:The housewife-traders were so secretive that many market analysts did not realize how widespread the trend had become until this summer, when the police arrested a Tokyo housewife accused of failing to pay $1.1 million in taxes on her foreign exchange earnings.

Surreal. Japanese housewife daytrading currency speculators losing their kimonos?

Quoted: Japanese homemakers who moonlight as currency speculators have been hit hard by turmoil in the markets.

Heard a story on this yesterday, it's just unbelievable.

Quoted: Zimbabwe's official inflation is 4,500% but independent economists and retailers say it is really above 11,000% and picking up speed. The black market rate for the Zimbabwean dollar has slumped, from Z$160,000 to the pound last week to more than Z$400,000.

CPI is not the best number when it comes to inflation. The M3 report is a total view of how our currency is doing.

just got back from japan yesterday.

Quoted: View exchange rates for top currencies and convert currencies from over 100 countries.