From the monthly archives:
What are *PIPS* ? Currencies are traded on a price/ point (pip) program. Each currency exchange pair has its own pip value. When you see a Forex trading cost quotation, you’ll see some thing listed like this: EUR/USD 1.2210/13 Explanation: a) If you want to get the EUR/USD ( meaning you Buy EUROS and Promote [...]
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Claud Cockburn, writing for that “Times of London” from New-York, described the irrational exuberance that gripped the nation just prior for the Great Depression. As Europe wallowed in post-war malaise, America seemed to possess discovered a new economic climate, the secret of uninterrupted development and prosperity, the fount of transforming engineering: “The atmosphere of the [...]
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