Credit Crisis Timeline?
FX University Daily / Issue #412: Monday, March 16, 2009
Leading Indicators Give Us Clues to When Credit Crisis Will End
Also In Today’s Letter…
- Chuck Answers Your Questions from the Road
- “Is Switzerland Really the Next Iceland?”
- How to Tell When Credit Crisis Is On its Way Out
I must say I love all my inquisitive readers. It truly is a pleasure to write to so many opinionated “armchair economists” like myself.
Perhaps it’s these insane markets or perhaps it’s just my winning personality, but lately I’ve been getting even more questions than usual.
I’m getting questions from all over – some from my Currency Capitalist members (including a few questions I actually answered in your most recent March issue), some questions from you dear FX University readers and even a few random ones from my fellow colleagues.
And since I’m down in South Florida this week, kicking back and taking a much-needed vacation, I want to share my answers to some of the most interesting questions with you.
So please check back all this week as we turn to your questions for the day.
1. I read somewhere that Switzerland could be the next Iceland. What’s your take on that? -J.C.
I doubt Switzerland could be the next Iceland, I think it would first be Ireland. The Swiss have banking problems, but they’ll deal with it and get through it.
2. Is the reminbi the same as the yuan? – S.T.
When we first began offering the Chinese yuan, I was confused about the yuan / renminbi. I called a customer of ours that is Chinese. I asked her the difference. What she told me, and what we’ve told customers since 2002, is that renminbi is the official name of the currency, and the yuan is the slang name. (Sort of like the buck is the slang for dollar)
That’s it for today! I’ll be back tomorrow with more questions from your fellow readers. Until then…
I hope your Monday is Marvelous!
Chuck
P.S. By the way, I just introduced a new regular feature to my monthly newsletter called “Member’s Mailbag” where I regularly answer questions just the ones above for all my loyal subscribers. Don’t receive my newsletter yet? Sign up now and instantly receive FIVE free reports, packed with our research team’s best insights on buying foreign bonds, rebuilding your retirement plan and diversifying just part of your portfolio out of the dollar fast. Click here for details.