“A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.” ImportantHardGovernmentIndividualNationsLevelsEconomyInfluenceEconomicActivityRateInvestingRangeSwingsImports Book:Changing fortunes: the world's money and the threat to American leadership Source: Changing fortunes: the world's money and the threat to American leadership
“If, instead of playing the horses, an individual chooses to play the market, that is his own affair. Only he must understand that speculating in stocks is gambling, not investing.” IfsPlayIndividualHorseInvestingAffairGambling Author:Catherine Crook de Camp