U.S. Stock Futures Steady Gold Extends Record Run

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(Reuters) - Visa Inc's quarterly profit rose by 40 percent, and our planet's largest payment processor said it would introduce a new fee structure for U.S. merchants.





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10 rice this month Long-Term Capital Management hedge fund lost billions in a really short space of time. Shock Waves roiled upon the worlds segments. Asian was imploding and Russia was defaulting. Then as these days there was a government-initiated Wall Street-funded bailout for LTCM.



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With the end of the gold standard, the country was much required furnish gold to anyone holding U.S. dollars when they asked for. Thus began the world of "fiat" money, and a whole set several problems ocurred.

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Interest rates play a crucial factor for holding long-term spot currency trades, known as rollovers. Since currencies are traded in pairs, a persons vision that you have to pay to hold a currency minus the interest you receive when selling another currency is a person's eye you earn or are liable for past the two-day spot trading precious time.

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