The Global Capitalist

The week ending July 4th, 2008 was a bloodbath for world equity markets. Of the major indexes, only 2 were positive for the week overall: Austria, which gained 1%, and the Czech Republic which skyrocketed 7%, despite the financial stress in the system globally. The worst performing markets got crushed, with the Pacific Rim containing 6 of the bottom 10 performing equity markets for the week overall. Outside of Asia, Ireland, Brazil, and Chile were the worst performers, dropping between 6-8% each, with Turkey putting up the worst numbers, dropping an outrageous 10% in a single week. (more…)

After months of being in office, it has become clear that Mr. Sarkozy, the new French President, is indeed, the real thing. His no-nonsense talk about the benefits of capitalism and the anti-socialistic agenda he subscribes to are indeed a reflection of how the French people themselves have become tired of being the backwards child in the European system. (more…)

(Reprint from Sept. 31, 2006)

The world’s prime example of a socialist government was toppled last week as the Swedish people voted the Social Democrats out of power. Having essentially ruled the country for the past 70 years, the party’s philosophy had defined Sweden’s social structure to the outside world. Viewed as a welfare state, (more…)

This week, Rydex introduced 6 new ETFs that will enable more investors to become involved in the ever expanding currency markets. Following the popularity of the Rydex Euro Currency Trust (NYSE: FXE) the company has launched ETFs that track the performance of the British pound (FXB), the Canadian dollar (FXC), the Mexican peso (FXM), the Australian Dollar (FXA), the Swiss Franc (FXF), and the Swedish krona (FXS). (more…)