Urgent Advice & News
1) Warren Buffet - the world's biggest investor - signalled his desire over the weekend to start buying companies overseas as he fears the dollar will weaken significantly.
By doing this, of course, he will send many other investors into a panic and they will start selling dollars over the next few weeks.
There are two things we should note from this:
a) Now would be a good time for you or your parents to move from dollars into other currencies before the big fall comes.
b) It's quite likely that Warren has ALREADY moved out of dollars secretly - and will move back into dollars when the price has fallen significantly. He's always been a shrewd market operator.
2) Wal-Mart are trying to copyright the Smiley face !! This is an example of businesses trying to create barriers to entry through commercial property rights - patents, copyrights etc. Imagine a world where every time you drew a smiley face, you had to pay Wal-Mart a fee!! Similar cases recently include a Chinese coffee company that was banned from using Chinese characters for their company name which - in Chinese - looked similar to Starbucks; a Scottish person called McDonald who wanted to start a burger shop called - well, you can guess; and some British pop stars who are fighting to increase the copyright on their pop songs recorded in the late 1950s from the current 50 years to 70 years.
By doing this, of course, he will send many other investors into a panic and they will start selling dollars over the next few weeks.
There are two things we should note from this:
a) Now would be a good time for you or your parents to move from dollars into other currencies before the big fall comes.
b) It's quite likely that Warren has ALREADY moved out of dollars secretly - and will move back into dollars when the price has fallen significantly. He's always been a shrewd market operator.
2) Wal-Mart are trying to copyright the Smiley face !! This is an example of businesses trying to create barriers to entry through commercial property rights - patents, copyrights etc. Imagine a world where every time you drew a smiley face, you had to pay Wal-Mart a fee!! Similar cases recently include a Chinese coffee company that was banned from using Chinese characters for their company name which - in Chinese - looked similar to Starbucks; a Scottish person called McDonald who wanted to start a burger shop called - well, you can guess; and some British pop stars who are fighting to increase the copyright on their pop songs recorded in the late 1950s from the current 50 years to 70 years.
posted by Economics 101 at
9:06 am
1 Comments:
One week later:
The dollar has indeed started to fall - stock markets worldwide have begun falling in sympathy. The US market is still the world's biggest market and everyone wants to sell to them - a weakening dollar makes this more difficult, affecting profits.
Beware of speculation also - whenever markets begin to move, there are speculators trying to make the movement more extreme in order to buy low and sell high.
The weakening dollar has, however, begun to help the American current account a little - but there are still inflationary fears in the US and this will make it worse.
This issue isn't over with yet
By
Economics 101, at 7:36 am
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