Not since the 1930′s has the world seen developed and developing countries either blatantly devaluing their currencies (Switzerland 2009, Japan 2010) or attempting to debase their currencies (US and UK 2010). There is more to this story than most people expect, which I will explore in latter postings. In the 1930′s, the major countries of [...]
Every investor, whether an individual or an institution, has to hold their stocks, bonds, cash, etc. at some custodian. A custodian’s sole job is to “hold” the client assets and serve as the collection point for interest payments, dividend payments, or distributions from mutual funds, and to provide a platform for executing trades. A custodian does not [...]
