Roger Nusbaum

In Search of Healthy Currencies

here's hoping for easy shekel access for US based investors...


On Oct 28 05:44 AM Michael Eisenberg wrote:

> Roger - Good one. I think another point everyone needs to think about
> is day to day exposure. My case is easy. I live in Israel. Hence
> I moved almost all of my dollars to shekels about 12 months both
> to avoid the weak currency and to put most of my eggs in the basket
> that I have most of my expenses. People living in the US though do
> not realize that given that many goods are imported, they effectively
> have currency exposure in their day to day lives as the dollar drops
> and imported goods become more expensive. It is worth thinking in
> terms of global currency hedging in terms of COL as well.
>
> Finally, I think Israel has a lot of this correct and the Shekel
> feels like a good place to be vis a vis the euro and the dollar.

In Search of Healthy Currencies

good point and I think consistent with my interest in sidestepping some of this workout.


On Oct 27 08:37 AM Clive Corcoran wrote:

> Much as I am a fan of Ambrose Evans Pritchard, I think it is rash
> to say that the US currency will be the global reserve currency for
> the remainder of this century.
> The process of superseding the status quo may not be an entirely
> orderly one - but financial crises seldom are - and there is surely
> a growing need for a global unit of account that is not subject to
> the whim's of central bankers and how much of their currency they
> want to print

In Search of Healthy Currencies

the downside of Swissi appears to be the SNB's desire to have it lower and that it is no where near big enough to help its banks out if it needed to.


On Oct 26 12:23 PM Uncle Pie wrote:

> Don't forget CHF the Swiss franc. A US$ used to buy four Swiss francs,
> today it will just buy one with a couple of pennies left over. Conveniently,
> you can easily invest in world class companies which pay their dividends
> in Swiss francs; I've invested in Novartis NVS, Swisscom SCMWY,
> Roche Holdings RHHBY, and Zurich Financial ZFSVY. These complement
> my dividend payers in Australian $: BHP, ANZBY, NABZY, WOPEY and
> TLSYY. They complement my holdings which pay dividends in Canadian
> $, Euros, Norwegian krone, etc., too numerous to list here but mentioned
> in some of my other posts.

Brazil Gets a Little Nutty: Investment Survival in Emerging Markets

nothing sore about the subject, i was wrong about the intermediate term of course but i was lucky enough to sell my Kaupthing shares long before the final meltdown.

for now i do not know of a way in. i would want to look at the fishing industry (a big building block upon which the mismanaged good times were built) where there every to be access for US based investors or one of the utilities (geothermal).


On Oct 21 11:47 AM Brian P Shriver wrote:

> Roger:
> This may be a sore subject, but what do you think about Iceland now?
> How can a retail investor invest?
> Thanks,
> Brian