June 2015

Leaving the Gyro

It is important to note that in this post I am pronouncing the word gyro as “yee-ro”.  This is critical because no one is allowed to pen commentary on the Greek situation (I almost typed ‘tragedy’) without at least a little halfhearted wordplay. The odds of a Grexit keep going up, but before Greece can leave the Euro, Europe must allow Greece to default by not extending a last-minute unearned bailout.  In other words, Europe must leave the Gyro.  It looks like Greece has run out of road to kick the can down and we’ll finally get to see the next act of this tragedy (I can’t help myself) soon. What does this mean for investors?  We’re seeing red numbers all over financial television in between ‘man on the street’ spots of reporters interviewing Greeks standing in line at banks or ATMs.  People are speaking in urgent tones on TV, this…

Wooden Nickels

When I was younger, my parents would tell me not to take any wooden nickels.  I always wondered what that meant.  Are there actual people out there trying to pass off wooden currency?  Would I really be tempted to accept this fake money?  What kind of monster is prowling the streets looking to swindle ten-year-olds out of five cents?