Must Reads August 25, 2009
Aug 25th, 2009 | By Contrarian Profits | Category: Must ReadsRegulatory crackdown on Goldman begins Zero Hedge
Nobel Prize winner: dollar reserve system is falling apart The Daily Crux
The calm before the financial storm The Daily Reckoning
How China is stealing our future Energy Tribune
The lie about high frequency trading liquidity The Market Ticker
Federal Reserve loses big lawsuit Zero Hedge
Insight: Do not fear falling bond prices FT
How big Swiss bank is protecting its clients against inflation Bloomberg
The prices are so cheap they’re stupid DailyWealth
Government claims that Goldman has stock manipulation software The American Prospect
Advertisement
The new Debt-Free Index CD is comprised of equal parts Singapore dollar, Japanese yen, Swiss franc, Australian dollar and Brazilian real. Why these currencies? All 5 economies have a strong balance of payments—a factor that could aid performance against the U.S. dollar.
Of the 5 economies, only Australia has a trade deficit—and the gap appears to be narrowing. Concerned about investing in a weak U.S. dollar? Consider this new Index CD, it is available in 3- and 6-month terms with a $20,000 minimum deposit. Apply today here
This CD is FDIC insured against bank insolvency, but please keep in mind that you could lose principal as a result of currency fluctuation.