Word: exchangee
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Few Americans are probably familiar with Forex, the international exchange market where the only thing traded is money. It is open 24 hours a day, five days a week, and a place where all the trades are done electronically. There is no central trading floor. Yet, at roughly $1.9 trillion...
First, of course, there's hardly any certainty that the dollar will keep falling. Mark Zandi, Chief Economist of Moody's Economy.com, believes the free-fall might be slowing: "I think the dollar is near a bottom via the Euro, pound and Canadian dollar. Foreign exchange markets are already pricing...
With the dollar near record lows, more American investors are starting to think about whether it's time to start dabbling in the foreign currency exchange market. Experts have one piece of advice: Be careful.
But it will be a tough sell convincing the anti-Syrian coalition in Beirut that the Bush Administration's support is unstinting. After all, they still remember that it was Bush's father, President George H.W. Bush, who green-lighted Syrian hegemony over Lebanon in 1990, in exchange for Syria...
With one of Sarkozy's earliest reforms having granted over $22 billion in income tax cuts (thereby deepening France's $62 billion in France's 2008 budget deficit), he was forced to admit state "coffers are empty," and can't finance aid to consumers. Sarkozy proposed that unions and companies...