Posted on 30 March 2009. Tags: Britain, British, british pound, capitalism, conservative, currency, Daniel Hannan, debt, deflation, depression, devaluation, economy, European Parliament, fiscal policy, free enterprise, free markets, freedom, furious, Gordon Brown, inflation, liberty, markets, MEP, monetary policy, money supply, national debt, Politics, private sector, protectionism, public debt, public sector, recession, Rob Viglione, socialism
In a speech to the European Parliament, British Conservative MEP Daniel Hannan confronts Prime Minister Gordon Brown:
In the last 12 months a 100,000 private sector jobs have been lost and yet you’ve created 30000 public sector jobs. pm, you cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit. You cannot spend your way out of recession or borrow your way out of debt.
Hannan is furious with Britain’s response to the financial downturn, decrying the borrowing, spending, currency devaluation, and increased Socialization of the economy as destructive. It turns out that everything Britain is doing wrong is being done in the U.S.
Check out Daniel Hannan’s book, The Plan: Twelve Months To Renew Britain.
Posted in Economics, Politics
Posted on 12 July 2008. Tags: australian dollar, british pound, canadian dollar, currencies, currency ETF, currency trading, euro, Investing, japanese yen, mexican peso, portfolio, return, risk, stocks, swedish krona, swiss franc, variance
Diversification is critical for long term portfolio health. We’ve all heard about the benefits of not “putting all your eggs in one basket,” but conventional wisdom needs to be updated every now and then. The modern investor has a wealth of new tools to achieve real diversification. Small retail investors are encouraged to spread their portfolios across a range of different types of stocks and bonds. Small caps, mid caps, large caps, value, growth, short and long-term Treasuries, and municipal bonds have been the staple of a diversified portfolio. Well, times have changed and so too should your notions of eggs and baskets. Continue Reading
Posted in Economics, Investing, Personal Finance
Posted on 16 June 2008. Tags: australian dollar, british pound, canadian dollar, correlation, currencies, currency trading, euro, forex, FXA, FXB, FXC, FXE, FXS, FXY, Investing, japanese yen, mexican peso, portfolio diversification, portfolio management, risk, Rydex, Rydex ETF, swedish krona, swiss franc, yen
Americans should be afraid of the long term value of the dollar. The country has massive fiscal imbalances that only look to be worsening. The social-political trajectory we are on is not likely to change, so a prudent thing to do is start transferring assets out of the country. A great way to do that is to buy foreign currencies. Exchange-traded funds (ETF’s) allow the regular investor to gain exposure to a variety of the world’s largest currencies, including Euro, British Pound, Canadian dollar, Australian dollar, Japanese Yen, Swedish Krona, Mexican Peso, and Swiss Franc.
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Posted in Economics, Investing, Personal Finance
