Archive for February, 2010

Joblessness in the US to stay for a while?

Friday, February 19th, 2010

This article says unemployment will remain high and change America significantly:

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come.

Predictions for gold, stocks, and currencies

Sunday, February 14th, 2010

Interesting article here that predicts gold prices will slide while large gains can be made with certain currencies in Asia. They say go heavy on stocks but from developed rather than emerging markets.

Recent gains for the US dollar

Tuesday, February 9th, 2010

It’s interesting to note that as soon as we see some bad news in Europe, the dollar gains against virtually every currency in the world. The dollar is still considered “safe” (despite the fact that holding onto dollars could have cost you big over the past couple years) because it is the currency backed by the most economic, political, and military power (not necessarily in that order).

This article shows that interest rates (in Korea in this example) effect a currency. Since I’ll be moving US dollars to Korean won for a new apartment in Seoul soon I’m very curious to see what will happen to the won vs. the dollar short term. Obviously I’d like to see the dollar gain…