October 9th, 2010 
Category: 
Welcome to the weekend edition, a small collection of links to interesting personal finance related articles and economic news from around the web.
Thanksgiving is right around the corner and I have a lot to be thankful for. I am a very wealthy man because I measure wealth in health and family not in money. Money comes and goes, you make it, and it doesn’t make you.
For the extended weekend I will be spending a couple of days in beautiful Quebec City. I am looking forward to the 3hr drive through a painting of color changing trees.
Currency war in progress
I covered the currency war last week stating that it was only the beginning. The dollar has been losing ground while gold, silver, and oil (commodities in general) have been rising. The question is: until when? I intend to take advantage of the rising stock market to the fullest especially that my portfolio is oily. On the other hand I find cheering bad economic news not normal following the recent job losses in the US. I wonder how the markets will react if QE2 is dropped by the FED for instance following a positive blip in employment. Is QE2 really the magic solution that will solve the US unemployment problem? It’s a wait and see game: I will be keeping a close eye on the markets.
Further reading on the currency war:
Dollar set for sharp decline, Goldman forecasts
Super-rich investors buy gold by ton
Japan Says It Won’t Join Currency Devaluation Race
Finance Chiefs Seek to Soothe Not Solve `Currency War’ at IMF
On to our weekly blog roundup:
Invest it Wisely: What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?
Larry MacDonald: Caution on commodities
Frugal Zetgeist: Millionaires on unemployment
Buy Like Buffet: Microsoft Should Buy Research In Motion
Wealth Artisan: 3 Lessons From A Slot Machine
Barbara Feidberg: The 20 Minute Guide to Investing is HERE!
Watson Inc.: the Problem with Being Budget Minded is Other People
My Own Advisor: Personal finance and small business parallels
My DIY stock portfolio is overweight in Canadian oil producers for a reason. I believe Oil consumption is on the path of growth for the next decade and I intend to take every advantage possible of it:
I find it interesting that Japan is saying that, seeing as how the BoJ already intervened twice.
I wonder… are these super-rich investors investing in futures contracts or are they investing in physical bullion in storage?
Thanks for the mention, and hope you enjoy the trip and the fall colours!
Jealous you get to go to Quebec in the fall- beautiful!
I hope you have a wonderful Canadian Thanksgiving, eh?
That will be a beautiful drive, go safely. Thanks for the mention Mich!
@IIW, We are living through interesting times I tell you, I can’t wait to see how it will all unfold when everyone is looking for the exit at some point.
@Y&t, you know i live 3 hrs away and I haven’t been there in 15 years! About time i turn up for a visit.
@FC, Thank You!
I love Quebec City…. Went there one year for St Jean Baptist Day and it was mental!!!! I thought me being an Englishman may annoy some of the French but completely the opposite
. Good times…..
Thanks very much for the link. The UK job market is a mess right now too and I am interested what will help that recovery.
I hope you have/had a wonderful weekend (sounds like so much fun!)
Also, thanks for the link!
[...] The Weekend Edition @ Beating the Index [...]
Thanks for the add Mich!
@Forest, You really timed your visit right! Never been there around the St Jean. Hopefully my next visit to the city will be while I am going further east to see the whales…
It appears that in Canada, our job market place is not so bad. Hopefully it stays that way!
@Roshwan,
@Mark,
You’re welcome!