August 23rd, 2007
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Someone asked me recently what is meant by “Carry Trade”. In the simplest terms possible, the carry trade is the favorable spread between one interest rate and another. In other words, banks borrow money at a cheaper percentage rate (say at 3%) than they lend it (say at 5%).
A perfect example of how [...]
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August 7th, 2007
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Twitter It!Ideally, most governments attempt to control their currency’s value from rising or dropping too fast by manipulating interest rates or buying and selling back their own currency; these interventions create a greater demand when rates are higher than competing currencies and when supplies are tight. When it comes to the US Dollar, part of [...]
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August 3rd, 2007
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Twitter It!The benefits of owning a home are well known but taken for granted. I just want to remind everyone that in spite of the recent downturn in real estate prices, the unprecedented bull run we’ve experienced the past few years has contributed to raising many homeowners’ standard of living by helping many families improve [...]
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