For Whom Wealth Matters
June 25, 2012 5 Comments
The article below is from Saturday’s ET.I was struck by the advice not to get too used to money and that sometimes you will regret saving it.
I also enjoyed reading all the highlighted tidbits on the economic scenario in Europe.
I was also reminded of my history lessons from my school days;of how a sense of economic injustice in Germany led to 2 World Wars. Read more of this post
January 15, 2012 Leave a comment
Dr Mark Mobius, executive director, Templeton Emerging Markets Group, tells Pravin Palande and Shishir Prasad that he is optimistic about India and in many cases, a weak rupee may actually benefit some companies in the country.
Dr Mark Mobius
Profile: Executive director, Templeton Emerging Markets Group
Career high point: Consistently voted as one of the most influential investment managers in the world
Last vacation: Doesn’t take any.
Known for: Travelling a lot; comic book based on his life
The idea of a single currency (euro) for differing political units seems to be in trouble. What does it mean for global currency markets? Read more of this post
April 7, 2011 6 Comments
Those who learn from history, have the ability to PROFIT from it.So here is some history:
Inflations start out slowly.Governments will not openly admit to debasing the currency. They will cite other reasons for why inflation is going up. In Weimar Germany,for example, government officials and those within the finance community blamed their trade partners and foreigners for the Reichsmark depreciating. German writers and politicians at the time had said that “paper inflation was not the cause or consequence of the external depreciation of the Reichsmark. The depreciation of the Mark was held completely independent of the condition of paper circulation between 1921 and 1923″ – even though money in circulation went up 23 times within 2 years ! Prices of imported goods back then – denominated in US dollars – went up 344 times. The official view from within the government of the Weimar Republic – the chancellor, the head of finance, the head of the Reichsbank – was to blame it on the excessive burdens thrust on the German people with war reparations, the violent policy adopted by France (when France invaded and took over an entire industrial section of Germany), and they also blamed it on increases on the price of imported goods.Conversely, the view held by those outside of Germany was that the depreciation of the Reichsmark was due to the government’s huge budget deficits, which required Germany to continuously print paper money. I guess people around the world will recognize the current day parallels to this scene from history.Quite a few governments are doing something like this today. Read more of this post
wealthymatters 