I will never understand why some countries insist on having their own currency. No, I’m not going to beat up on Canada right now. Even if it is small and only borders us, their economy is clearly developed, and the country does just fine with its crazy pictures of the queen. But, I am confused about Iceland and Sweden. Both make their own cash, as if the fucking Euro isn’t good enough. Even with its recent slide, the Euro has still pounded the shit out of the dollar, especially when you consider that €1 was worth only 50 cents when the currency was first introduce. Now, it’s well over a dollar and has been for several years.Lesson: Bet on Europe, even if they don’t have real work weeks.
After having taken a break from recreational financial writing, I’m finally back in action on Digital Journal. Using the latest data from Private Equity Intelligence, Ltd, I have written about private equity inflow trends and the differences in how North Americans and Europeans invest in China.