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Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?

MishTalk

US Dollar From 2005 to 2009 the official exchange rate was 2 bolivars to one US dollar. On the black market today, it takes 89 bolivars to buy 1 US dollar. On the black market today, it takes 89 bolivars to buy 1 US dollar. Black Market Record Low Bloomberg reports Venezuela’s Black Market Bolivar Slides to Record Low.

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Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?

MishTalk

There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced. Black Market Rate Shows 78% Decline The black market exchange rate is about 14 pesos to the dollar. Here''s a Black Market exchange rate chart form the Wall Street Journal as of the end of August. tonnes in 2013.

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Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game

MishTalk

In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. The eurozone is doing so by accident, letting market forces drain liquidity from the financial system for month after month. ECB president Mario Draghi said: "We have to dispense with this idea of deflation.

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

The BIS slam, coupled with a recent stock market selloff, brought up debate on a " controlled collapse ". Over the past few years, non-financial corporations in a number of EMEs have borrowed heavily through their foreign affiliates in the capital markets, with the debt denominated mainly in foreign currency.

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Consultant Ninja: Another Casualty of the Financial Crises.

Consultant Ninja

George Bush, February 2, 2005 State of the Union: "As we fix Social Security, we also have the responsibility to make the system a better deal for younger workers. Imagine if social security funds were invested in the market. I think a more interesting graph would show each fund against a respective benchmark (e.g., at 12:09 AM.

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Clash of Generations - Boomers vs. Millennials: Attitude Change Will Disrupt Wall Street and Corporate America

MishTalk

As Millennials became a larger and larger share of the marketplace, the idea of “cause marketing” has evolved from a nascent promotional strategy to the key differentiator, not only in deciding what to buy, but who to trust and reward with brand loyalty. Cone’s 2013 survey of over 1,200 U.S.

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