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Channel: Confessions of a Macro Contrarian » Currency
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Copper: Part 1, The Next Currency

I don’t know if you have noticed what I have, but lately it appears that people are using Copper as a poor mans currency.  I started to notice during the crash of 2008, that copper was being sold in a...

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Quote of the Day: “…significant recessions”

Today’s quote of the day sums up Euro Sovereign issues nicely… “We’re going to get a continuation of the problems that Ireland, Portugal, Spain and others are suffering,” said Callum Henderson,...

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Estonia, The Last Passenger on the Titanic

2011 is set to arrive in a few hours.  With its arrival, Estonia will join the EU currency regime as the last of 17 nations approved to use the Euro.   They may be the proverbial last passenger up the...

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Stat of the Day: Venezuela Devalues 40%

It is the last day of 2010, and that means it’s probably time for the local revolutionary to do something squirrely again.  Mr Nationalization is running into reality, and he is running out of people...

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Stat of the Day; Estonia

Europe currently has only two nations that meet the rules to be in the Euro… Estonia’s budget deficit is just 2.8pc of GDP, making it one of only two countries in the EU that is not in breach of the...

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