"The market can remain irrational longer than you can remain solvent"
-
Drug dealers, tax cheats boost $100 bill demand?
The U.S. government printed 3 billion $100 bills in the 12 months ended Oct. 31, according to a Tuesday note from Nicholas Colas, ConvergEx Group chief market strategist. That’s 100% more than the average production of $100 bills over the past 5 years, and 50% more C-notes than $1 bills printed in the same period, according to Colas. Hard cash holds a special place in global finance as the preferred mechanism for drug, illegal arms and tax evasion transactions, Colas notes and $100 bills are the preferred denomination. While the use of smaller denomination bills has fallen in recent years with increased use of ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 5, 2012 1:48am Dec 5, 2012 1:48am
- anton.olff
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments
- Comment #2
- Quote
- Dec 5, 2012 1:53am Dec 5, 2012 1:53am
- Guest
- | IP XXX.XX.168.64
- Comment #3
- Quote
- Dec 5, 2012 1:57am Dec 5, 2012 1:57am
- Guest
- | IP XXX.XXX.50.139
- Comment #4
- Quote
- Dec 5, 2012 2:24am Dec 5, 2012 2:24am
- 2+2=4ex
- Joined Mar 2009 | Status: Trader | 321 Comments
- Comment #5
- Quote
- Dec 5, 2012 2:48am Dec 5, 2012 2:48am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
- Comment #6
- Quote
- Dec 5, 2012 2:48am Dec 5, 2012 2:48am
- wlarimer
- | Joined Jun 2010 | Status: Member | 910 Comments
- Comment #7
- Quote
- Dec 5, 2012 2:58am Dec 5, 2012 2:58am
- mfoste1
- Joined Jun 2009 | Status: A slave to the tape | 112 Comments
- Comment #8
- Quote
- Dec 5, 2012 3:09am Dec 5, 2012 3:09am
- Guest
- | IP XXX.XX.168.64
- Comment #9
- Quote
- Dec 5, 2012 5:52am Dec 5, 2012 5:52am
- Guest
- | IP XX.XX.6.102
- Comment #10
- Quote
- Dec 5, 2012 6:06am Dec 5, 2012 6:06am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #11
- Quote
- Dec 5, 2012 6:29am Dec 5, 2012 6:29am
- Villageidiot
- | Joined Oct 2012 | Status: Member | 125 Comments