Former German Foreign Minister and Vice Chancellor Joschka Fischer: A Greek Burial for German Austerity
Not long ago, German politicians and journalists confidently declared that the euro crisis was over; Germany and the European Union, they believed, had weathered the storm. Today, we know that this was More...
Treasury Secretary Jack Lew Says Strong Dollar Is Good for US
U.S. Treasury Secretary Jack Lew painted a bullish picture of the U.S. economy at Davos. While problems in the global economy might create problems for U.S. companies with global exposure, it won’t prevent More...
Julius Baer May Cut Staff as Swiss Franc Surges
Julius Baer may not exactly be unscathed by the crisis in the Swiss Franc, according to the Financial Times. In the days following the Swiss National Bank’s move to remove the cap from the Swiss More...
Julius Baer, Unscathed by Swiss Uncapping of the Franc, Warning of Pain Ahead for Banks
The Swiss National Bank made the shocking move of eliminating its currency cap on the Swiss franc, and many banks lost money. Citigroup, Deutsche Bank and Barclay’s suffered joint losses of $400 million More...
Report: Switzerland Should Learn from Stanley Fischer’s Currency Moves
Rather than buying euros in order to keep the exchange rate at a minimum of 1.2 francs, the Swiss National Bank (SNB) should have emulated Stanley Fischer’s moves at the Bank of Israel and not set a More...
Jefferies CEO Richard Handler Rescues FXCM From The Jaws Of Bankruptcy
It wasn’t easy to rescue foreign exchange broker FXCM from almost certain bankruptcy, but Jefferies CEO Richard Handler and his team spent a sleepless night doing just that, as reported by the Wall More...
When Galaxies Collide, Do They Jettison their Black Holes?
– In his general theory of relativity, Albert Einstein predicted that there are such things as gravitational waves. In fact, the very existence of these waves is the linchpin of the entire theory. More...
John Paulson Goes for the Gold… Should You?
Motley Fool has observed that John Paulson is beefing up his gold holdings, but is this a move worth following? Paulson has bought $1.3 billion in SPDR Gold Trust, and has large stakes in Goldcorp, Silver More...