Eswar Prasad: Don't Expect Bitcoin to Challenge the Dollar's Domination
The world wants safety in the wake of the financial crisis, so ignore all the talk about Bitcoin, gold or the Chinese Renminbi replacing the U.S. dollar as the world's reserve currency in the foreseeable future, says Eswar Prasad, author of "The Dollar Trap". The Fed's tapering is exposing problems in emerging market economies, says Prasad, but the currency crises in Argentina and Turkey won't cause a global panic because these countries do not have significant external debt anymore.
Emerging Markets Move Past Taper Talk
Emerging market opportunities - and risks - abound now that the Fed has made its decision not to taper, says James Barrineau, Director of Latin America at Schroders.
Fed Taper to Rock 2014 Earnings?
The Federal Reserve's taper move will be a focus for future earnings among investors. Fenimore Asset Management's Drew Wilson weighs in.
How We Turned Bitcoins Into Beer
While bitcoins may be rising in popularity there are still only a handful of brick-and-mortar stores to spend the new digital currency. EVR Lounge, a bar in midtown Manhattan wants to change that. They began accepting bitcoins as payment a few weeks ago. We thought it would be fun to see how the technology works and turn some bitcoins into a round of drinks so we bought 50 dollars in bitcoins and headed uptown. EVR Lounge started accepting bitcoins as payment a few weeks ago.
Syria Kills Taper Talk
The expense of a military response to Syria will cause the Fed to back away from tapering its bond buying says economist Peter Cardillo.
Markets Rise as War Talks Taper
The reduced threat of imminent military action against Syria helps markets eek out further gains. The Deal's Jane Searle has today's market action from the floor of the NYSE.
Chomping at the Bitcoin
Critics call virtual currency, or bitcoin, a libertarian fantasy that can never really work. But optimists are diving deep into the modernization of money. Janet speaks with community members who use it daily.
Rial Real Tailspin - Iran's Currency Dips, Hurting Middle Class
Iran's currency dropped 15%+ to its lowest-ever level against the dollar on Monday: 34,500 rials bought $1. Sanctions are making an underclass of Iran's middle class. Caroline Tehrani is joined by guests Shirin Sadegh, Professor Steve Hanke, Mehrnoush Yazdanyar and Cyrus S. Tabibnia to discuss.
Getting Tapering Right
Kevin Noblet, who leads WSJ.com's Wealth Adviser team, shares some thoughts about the challenge advisers face in coping with the Federal Reserve's tapering plans, the new money-back guarantee Schwab is offering to advice customers and how to help clients avoid job burnout.
September Taper Remains on Track
Payrolls rise weaker than expected in August, but remain on pace for September tapering, UBS's Kevin Cummins tells TheStreet's Joe Deaux.