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Dollar versus euro

April 21st, 2009

I was always wondering why oil prices is expressed in usd, when OPEC countries are loosing big money because of this. If their product will be quoted in euro or other strong currency, they would make much more money. One answer is the US army. US is (still ) the biggest economy in the world, although in the next years we will see a changing in roles 😉

Now, I see that also other sources are saying that dollar will loose it’s supremacy. Well this indeed is a fact. All great empires had their ups and downs. Is only a matter of years until dollar will be history, in terms of referrence. And, providing enough time, the chinese yuan will take over :)

So, if you want to read other interesting financial news, you can visit this great site: infomakingmoney.com

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Asia stocks spooked by US woes

March 9th, 2009

HONG KONG — Asian stocks dipped Monday on worries about the fate of US automakers and banks, while the dollar retreated as market players booked profits on the rise to a three-year peak last week. Ma…

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