IMF to make Chinese yuan reserve currency in historic move – Sent in by G.G.
o o o
Items from Mr. Econocobas:
China’s Yuan Approved by IMF for Special Basket Currencies– My question is, say the Yuan makes up 10% of the SDR, where does that 10% come from? The U.S. Dollar or who? How does that effect that currency(s) that is reduced?
Hyperinflation Watch: Kazakhstan Unveils New 20,000 Tenge Banknote
Items from Professor Preponomics:
Negative Interest Rates in Switzerland Have Economists Proposing Scary Scenarios: Should Cash Be Abolished? (Business Insider)
Trouble is Brewing in the Paper Markets for Gold and Silver (FXStreet)
It’s Getting Worse in Houston (Business Insider)
Here’s a Good Reason to Pay for Your Holiday Gifts in Cash: Sophisticated Malware Designed to Steal Your Data and Money (Market Watch)
Fed’s Tarullo to Biggest Banks: Stress Tests Likely to Get Harder (Wall Street Journal)
Why Defense Acquisition Has a Need for Speed (Heritage)
NYSE Boots National Bank of Greece (24/7WallSt)
How Hedgies Plundered Greek Banks (Contra Corner)
Greek Bank Stress Tests Leave Something to be Desired (Forbes)