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Europe

Forex trading takes place 24 hours a day and it basically involves all the currencies in the world. This means that Forex currency trading is bigger than all the stock markets in the world combined. Thanks to time zone differences the currency markets are always open – when trading ends in Asia it starts in […]

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40% of the World’s Wealth has been Destroyed

40% of the World's Wealth has been Destroyed

by Roman on February 6, 2009

Once a year most of the worlds influential businessmen, politicians, investors and economists meet in Davos, Switzerland to discuss the current state of world economy. This yearly gathering is known as the World Economic Forum. To give you an idea of how high-level Davos is, you should know that in addition to presidents and prime […]

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What Happened in 2008 - The Numbers

What Happened in 2008 – The Numbers

by Roman on January 2, 2009

This is a detailed summary of what happened in finance in 2008. 2008 was one of the worst years in the financial markets after the Great Depression in the 1930-s. Worst year for Dow Jones since 1931 The Dow Jones Industrial Average finished its third worst year throughout history and the worst year since 1931. […]

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Money does not smell

Money does not smell

by Roman on June 4, 2008

Have you heard the expression “Money doesn’t smell” Do you know where it comes from? “Money does not smell” was first said by Roman Emperor Vespasian to his son Titus, when he ordered a new tax on public bathrooms (or toilets, as we say here in Europe). What he probably meant was this: “If you […]

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