Day: January 21, 2008

The Cost of Believing in America!


I had to reprint this article: It says a lot in a short amount of time!=================================By Konstantin Sonin, Ten years ago, an economic crisis in one developing country could set off a chain reaction among investors around the world. And once investors suffered sharp losses in one place — for example, Thailand, South Korea or […]

Does The World Have Faith In America?


Just some news off the wire, Russian stock market is being affected by this also. Looks like the world is losing a lot of faith in the American Dollar! Russian stocks down about 7 % today.=================================LONDON (Reuters) – World stocks nosedived and demand for safe-haven bonds and currencies soared on Monday as fears gripped investors […]