Cyprus must be selling gold, silver, grains, oil, heating oil, etc. Commodities are drooping.
Actually, I think Hrdwkg had it right on the first day of the Cyrus situation when she commented about the Russian hot money being there. I believe the Euro zone is cracking down on hot money havens. Cyprus got nailed. Six more Euro zone countries are talking about relaxing their bank secrecy laws. Where is the hot money gonna hide? Well, what are there ... 190 countries? But too many little stinkers in that group ... even for hot money.
I got a chuckle from the comment that the Austrian finance minister made when he indicated they would consider some changes. In his best Californian accent he said he hoped the US would follow suit and do something about Delaware and Nevada.
Sure, but very few "qualify" for you know what.
Let's see: How is Malta? Guernsey? Isle of Man? Vanuatu? You can forget Switzerland, Liechtenstein, Luxembourg, Monaco, and Andorra.
The question is: "Is the Queen of England corrupt?"
Wow... YOU had it right talking about "something going on with commodities".... What a slap in the face I got today....... :o((..... but those things are cyclical and volatile.....Time and Patience will be necessary now........... as usual.
One of the reasons (main) the Commodities Modernization Act of 2000 was passed, was to be more like Europe. They were starting to steal business. But they had it wrong, and it screwed up the world (financial freeze, commodities, etc). It took 3-5 years to come up with the financial products that screwed the world. However, right now the countries where one would "want to keep money" are cooperating with each other in many areas of financial regulation. That doesn't leave many options for those wanting a gig. Never underestimate creativity though.
Sorry you got hurt, and yes, things are cyclical and volatile. Just understand why ... my point of view may be wrong, but for some reason the world has been attempting to reverse the deregulation of derivatives in 2000 ... the media has been silent on it ... deafeningly so. But it's been going on. Was the media right with their batch of kool aid, or the concerted efforts of countries around the world to correct the situation ... albeit very slowly? Maybe I'm wrong, maybe not. The airlines will be good either way ... how about that.