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A Yen for yen

Wednesday, October 29th, 2008

Although today’s biggest headlines were in the Middle East and South Asia, as I was scrolling through the headlines about Japan I couldn’t help but notice this lead: Japanese Yen Has Huge One-Day Decline; Helps Market Rally.
Really now. When was the last time you heard a market rally over currency devaluation? Unfortunately for [...]

Banking Basics

Monday, October 13th, 2008

One of the upsides of the financial crisis (if there are in fact any good points) is that it’s providing a good opportunity for people to learn about economic concepts like interbank loans and credit default swaps.
Need some data? Head on over to amazon.com. The first economic-related book to come up in the [...]