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Posts Tagged ‘euro

Goodbye Denmark, Welcome Cyprus

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Junk Rated Nation Running EU
Fitch recently downgraded Cyprus to junk status. They can’t run their own country, should they be running the EU?
Goodbye Denmark, Welcome Cyprus

The Presidency of the Council of the European Union changes “hands” at midnight tonight. The six-month Presidency rotation moves from Denmark to Cyprus.

From July 1st 2012, the official Presidency website can be found at http://www.cy2012.eu/en/page/home

Thank you to Denmark for its outstanding efforts during the last six months.

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Written by Daniël W. Crompton (webhat)

June 30, 2012 at 3:04 pm

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Yuan Better Than Lottery? #money #finance

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Money collecting - This man brings out his money collection for people to see. He quickly names off prices of old renmibi as curious onlookers flip through his collection.

I think the RenMiBi ¥, Yuan, is probably a better investment than the US Dollar $ and Euro €. Had I invested the €10 a month that I didn’t spend on the Lottery in the Yuan I could have earned 20% in the first 6 months or 10% had I held on to it until 2011. With $10 I would have earned nothing for the first 6 months, and I could have ended the year up 5%. As a Dollar investment it looks like you can’t lose investing in Yuan, and with the adjustment of the currency basket in 2008 and the fickle nature of the US Dollar the CNY to EUR is more profitable and slightly more risky in the short term.

Image source: Han Xu. Graphs by Yahoo! Finance.

Written by Daniël W. Crompton (webhat)

February 8, 2011 at 9:13 am

Posted in finance

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