Houdini

  1. The Wealthy Are Buying Multi-Million Dollar Bunkers With "Highest Level Of Military Grade Security"

    The Wealthy Are Buying Multi-Million Dollar Bunkers With "Highest Level Of Military Grade Security"
    After Donald Trump was elected president, a lot of the fears and concerns that were once so common among conservatives and libertarians, seemed to fade. That state of relief was proven to be temporary, but fears of financial collapse and social disintegration still aren’t as prevalent now as they used to be. A lot of people have let their guard down...
  2. Asia's Financial Crisis Still Has 5 Things to Teach Us Now

    Asia's Financial Crisis Still Has 5 Things to Teach Us Now
    The West could learn a thing or two 20 years after the region plunged into turmoil. Twenty years ago, I was working at the International Monetary Fund in Washington that would scramble -- like almost everyone else -- to understand and respond to cascading financial disruptions that would throw Asia into a deep recession. Important lessons were to emerge from...
  3. Malaysia Ex-Central Bank Chief Recalls 1997 Crisis Lessons: Q&A

    Malaysia Ex-Central Bank Chief Recalls 1997 Crisis Lessons: Q&A
    Twenty years ago, Malaysia was caught up in the turmoil of a currency crisis that began in Thailand and swept across Asia, battering economies, pushing millions into poverty and forcing governments to seek emergency bailouts. Zeti Akhtar Aziz, who was chief economist of Malaysia’s central bank at the time -- later becoming governor -- recalls her experience of the crisis...
  4. The Economist: "Get Ready for A World Currency by 2018"

    The Economist: "Get Ready for A World Currency by 2018"
    THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more...
  5. Bitcoin can be an asset but not currency - China c.bank adviser

    Bitcoin can be an asset but not currency - China c.bank adviser
    SHANGHAI (July 7) Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said. Sheng Songcheng, adviser to the People's Bank of China (PBOC), made the comments in an interview with financial magazine Yicai published late Thursday...
  6. Wall Street's Migration to Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund

    Wall Street's Migration to Crypto Continues: Former Bain Manager Opens LatAm Bitcoin Fund
    It appears a trend is taking shape. Following a former Goldman HFT trader's massive initial coin offering, another Wall Street-er has come to the dark side of virtual currencies. A former senior manager at consulting firm Bain & Company, is launching a Bitcoin fund, providing access to the cryptocurrency to some of the wealthiest families in Latin America. Announced today, the newly...
  7. Hong Kong Braces for Higher Rates as Currency Losses Quicken

    Hong Kong Braces for Higher Rates as Currency Losses Quicken
    How long can it last? That’s what watchers of Hong Kong’s markets are asking as the gap between local and U.S. interbank rates widens to the most since 2009. The city’s currency peg to the greenback effectively ties its monetary policy to that of the U.S., making the growing differential all the more curious. Now things may be changing, with...
  8. Nasi Goreng Bonds, Anyone?

    Nasi Goreng Bonds, Anyone?
    Indonesia considers selling local-currency debt on global markets. The Chinese made a full meal of offshore dim sum debt, and Indians have started nibbling into masala securities. Now Indonesians are contemplating nasi goreng bonds. Will investors step up to the plate? Like the other two, this would also be local-currency corporate borrowing, but in global debt markets. Creditors, rather than...
  9. Bitcoin to $50,000 Is Latest Call From Prolific Stock Picker

    Bitcoin to $50,000 Is Latest Call From Prolific Stock Picker
    Ronnie Moas, who for the past 13 years has made more than 900 stock recommendations via his one-man show at Standpoint Research, is now venturing into cryptocurrencies. Bitcoin will double to $5,000 next year, and reach $25,000 to $50,000 in the next decade, the Miami Beach, Florida-based Moas said in a note to clients Wednesday, where he also disclosed he...
  10. Mahathir Still Hates Currency Traders 20 Years After Asia Crisis

    Mahathir Still Hates Currency Traders 20 Years After Asia Crisis
    As the Asian financial crisis raged on two decades ago, then Malaysian Prime Minister Mahathir Mohamad committed economic heresy by rejecting an International Monetary Fund bailout and slapping capital controls on global investors. Mahathir blasted currency traders as "unscrupulous profiteers" in an "immoral" line of work. Billionaire hedge fund manager George Soros, who bet big and won big against the British pound in 1992, returned...

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