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sovereign crisis

A few worthy things I found on the financial blogosphere today. Hat tips to The Big Picture, The Pragmatic Capitalist, and Clusterstock. First, here is a recent video from NewDeal20.org featuring famous short-seller Jim Chanos and Professor of Economics Joseph Stiglitz. They talk about the financial crisis, short-selling, naked short-selling, and financial regulation. Not that [...]

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Gold as a Safe Haven. Fail.

by Rafael Rosa on February 5, 2010

On Thursday (Feb. 4th 2010), markets across the world sunk lower as sovereign debt problems spread fear and panic among investors. The graphs below shows how red was the color of the day. Click on images for full-sized graph As expected, the safe haven currencies (U.S. dollar and the Japanese Yen) skyrocketed as investors looked [...]

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