The one and only thing that might possibly spare Greece the agony of a completely worthless currency is Greece's small hoard of 111 tons of gold. Pact With the Devil Yet, in the fine print in the latest deal, Greece’s lenders will have the right to seize its gold reserves according to the New York Times article Growing Air of Concern in Greece Over New Bailout. In the fine print of the 400-plus-page document — which Parliament...
Posted by Mr Thx Friday, February 24, 2012 0 comments
 If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically?  Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators.  In other words, they change before the overall economic picture changes.  For example, back in early 2008 the Baltic Dry Index began falling dramatically.  There were those...
Posted by Mr Thx Friday, February 10, 2012 0 comments
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Sekapur Sirih Seulas Pinang

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Alor Gajah, Melaka, Malaysia
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