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  • One Way to Play a Sovereign Debt Crisis

    By Soroush Pour - June 25, 2012 | Tickers: IBCX, ICOV, JGBS, PICB, IBND

    In traditional financial literature, sovereign securities – i.e. government bonds – are considered to be virtually risk-free.  Bonds come in many shapes and sizes (in case you need a refresher course in these types of investments, continue reading here).  Now, sovereign securities are considered to be risk-free because: 1) compared to corporations, governments have the legal power to generate revenues through taxation; 2) many also have the ability to print money more »

  • ASEAN and Looming Currency Wars

    By Peter Pham - April 30, 2012 | Tickers: RMB, EWM, EWS, JGBS

    Among the many things that were on the table at the recently finished ASEAN Summit in Phnom Penh was an expansion of the Chiang Mai Initiative fund of foreign exchange reserves to defend against currency speculation of any one member.  China, Japan and Korea are also contributors to this fund.  Together they make up the ASEAN+3 bloc.  The thirteen member group has proposed expanding the size of the fund more »