A bomb of a currency

I have a cousin serving in Iraq who asked me this interesting question about investments in Iraq. "Gary, What do you think about the newly printed currency Iraqi Dinar? I know there's a few people who are exchanging massive amounts of US money with locals. The exchange rate at the moment is about 1000 dinar to [...]

China Environmental Funds

A March 14 New York Times article by Jim Yardley outlines how China's growing energy needs threaten its environment. The economic boom is straining energy resources. According to the article, "Last year its oil imports rose by a third, it became the world's largest steel importer (surpassing the U.S.), its domestic coal production rose by 100 [...]

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