Forex Howto

Posts Tagged ‘banks

23 Nov, 2008

A great read

Posted by: Milton In: Macro

One of the books that I have stashed away somewhere yet to read is Liar’s Poker by Michael Lewis. It’s a fairly old book which may be outdated now with the problems that have happened in the last year and a bit.
Anyway, there’s an excellent read (pretty long in on screen reading terms) written by [...]

30 Sep, 2008

Bankruptcy, not bailout, is the right answer

Posted by: Milton In: Macro

A great writeup by Harvard economics lecturer Jeffrey Miron detailing why the government shouldn’t bailout the bankers.
The current mess would never have occurred in the absence of ill-conceived federal policies. The federal government chartered Fannie Mae in 1938 and Freddie Mac in 1970; these two mortgage lending institutions are at the center of the crisis. [...]

20 Sep, 2008

Changes in banking fortunes

Posted by: Milton In: Misc

I read an interesting story on the BBC site the other day and at the end of it they had an interesting graphic which I thought I should share which shows the massive scales of losses which have happened in banking recently.


About FOREX Howto

Forex Howto is a site that I setup some years ago, I neglected it for a couple of years and now it's back online.

It will have my progress as I explore the world of Forex trading and my experiences in trying to profit from it.

If you need to contact me, just leave a message on any of my posts and I'll be sure to read it.

About me: I'm a 31 year old aussie living in Sydney, Australia.

I work as a programmer and hope to someday use my programming skills and growing knowledge of FOREX and markets in general to run live automated trading systems (all going well they'll be profitable).

A couple of pages which might be of interest to new traders: