This applies to some, well, most currencies this week. Large swings with sharp turns are the norm these days. Feels like being in the storm on high sees and I’m sure traders are getting (sea) sick. More on it farther down this page. Some people might enjoy the ride, after all, roller coaster can be fun. Recall [...]

These are not real stories, more like tidbits which I find interesting. During his semiannual report to the Senate Banking Committee, Chairman Ben Bernanke said that recession may end soon. He called it a “reasonable prospect”. Not sure how seriously congress should take Chairman’s remarks. After all, he assured them last year, twice, that “the worst [...]

Will it really come to this? In spite of vehement government denial, some sources claim that within the next few weeks, if not days, the US government will have to step in and nationalise one or more banks.  Some of the banks mentioned are Citigroup, Bank of America and a wide assortment of regional and [...]