Check out this reverence for the loller dollar – yep, there’s a country where American money is actually run through washing machines to keep it clean and smelling nice. (No Polish jokes, please.) That country is, not surprisingly, Zimbabwe, where the zimdollar became useless for anything other than kindling and was replaced as legal tender [...]
Entries from July 6th, 2010
Sonny’s Ready To Puff Cocoa In The States
July 6th, 2010 · 1 Comment · markets
… he blends right in to the sea of trader jackets, you know? As prices soar, some cocoa traders call shenanigans, and are threatening to bail out of the London market and take their biznezz to the ICE instead. Via FT Alphaville: Soaring prices for cocoa have sparked allegations of manipulation in the London [NYSE [...]
Tags:
Sandwiches In A Can? SEC Cracks The “Canwiches” Case
July 2nd, 2010 · 2 Comments · caturday
Dear Internet — It’s after five on Friday so I’m glad the funnies are writing themselves: The Securities and Exchange Commission sued a Utah man for falsely telling customers their $145 million would be invested in commercial real estate while instead directing funds to other ventures, including a sandwich- in-a-can business. The SEC said Wright, [...]
Tags:
On The Market, Risk Aversion and Sandwiches
July 2nd, 2010 · No Comments · breaking news, caturday
From the department of things that surprise absolutely no one – if you’re sassy n’ well fed, you’re less likely to take risks than if you’re starving and in survival mode. if you’ve got an active day of daytrading eminis planned, you might want to go ahead and skip breakfast and lunch: Researchers put study [...]
Tags:
OMG Death Cross, Look Out Below!
July 1st, 2010 · 2 Comments · markets
I caught a bit of CNBC today, and I wanted to keep track of how many times the words “death cross” were said, but I lost count. Anyway, this is the chartist’s equivalent of “dying in a fire,” and it goes something like this: Investors may feel like looking to the heavens for help in [...]
Tags:
