When a rising stock market is a bad thing

If the world had a single cauldron for mixing various monetary phenomena, it would be Zimbabwe. Over the last two decades, it has experienced pretty much everything that can happen…

Three-tier pricing

Americans and Canadians take for granted that fact that while a multiplicity of dollar brands circulates in our respective nations, a dollar is always equal to a dollar. In the…

Sir Thomas Gresham Anyone who makes an effort to study monetary economics quickly encounters the concept of Gresham’s law, or the idea that bad money can often chase out good.…

National Bank of Greece depository receipt certificate (source) If you’re like me and you like to: 1) explore anomalies in markets; and 2) mix equity analysis with monetary analysis, then…

Here’s an interesting fact. Remember all those worthless Zimbabwe paper banknotes? The Reserve Bank of Zimbabwe (RBZ), Zimbabwe’s central bank, is officially buying them back for cancellation. According to its…

American Depository Receipt (ADR) for Sony Corp You’ve heard the story before. It goes something like this. There’s one unique good in this world that serves as a universal vehicle…

In a recent speech leading up to an end-of-month national election, Zimbabwe’s President Robert Mugabe hinted at the possibility of introducing a gold-backed Zimbabwe dollar. This is from the Mail…