October 11, 2008I don’t know if the market turmoil of last week marks the end of the financial crisis. But I do know that the crisis has changed the very nature of financial markets for far into the future. All over the world, the “hands off” approach to financial markets is being abandoned [...]
Whether you know it or not, you are probably investing in foreign currencies now. If you own an ETF or mutual fund in any international equity or fixed income product, you are taking a currency risk. It’s not an indirect risk; it’s as direct as it gets. Foreign holdings are priced in their native currencies, [...]
August has been hard on emerging market currencies. Note the table below to see how much the currencies of some of the emerging markets fell last month.*I put the PowerShares DB US Dollar Bullish Fund ETF (UUP) in the chart to show that part of the decline was due to the relative strength of [...]
