Word: buying
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...news is that to ameliorate the worst side effects of the carry trade, which if unchecked could make Asian exports too expensive to buy, Asian central banks have intervened in foreign exchange markets and done something they are loath to do: Actually increase the dollars in their foreign reserves. "Asian central banks are accumulating even more dollars," says Credit Suisse's Desbarres. According to Citigroup, China's foreign reserves ($2.13 trillion as of June, including forward currency contracts) have increased 11.9% since the collapse of Lehman Brothers in September, 2008. Hong Kong's foreign reserves have shot up by nearly...
...market. A majority of investors - 73% of those surveyed - have either some, quite a bit, or a great deal of confidence in the capital markets. That's up from 70% from a year ago, but still below confidence levels of 84% in 2007. (See 10 things to buy during the recession...
Months before flood season begins in western Washington, government officials have already declared a state of emergency and, even as they worry about the viability of a pivotal dam, have encouraged residents to buy flood insurance immediately...
...buy flood insurance when there's a 1 in 3 chance that you'll need to use it? That's generally not a gamble insurers like to take. Fortunately for Green River Valley, King County belongs to the National Flood Insurance Program, which means that residents cannot be turned down for flood insurance (unless they've built something in direct violation of regional flood codes, that is), and that effectively, even though some 90 insurance companies administer the policies, it is the government providing the insurance itself. "There is nobody in the Green River area that should not be able...
...complexities of flood insurance, homeowners should act quickly. The waiting period for policies to become active is 30 days, and experts believe the major floods will likely happen in mid- to late November, leaving just weeks for homeowners to get everything in order. Hence, the current government battle cry. "Buy flood insurance," Governor Gregoire says. "I know we're at a very difficult time financially for many families but should this dam fail, while FEMA will step up, it will never replace individual homes...