January 16, 2007--Bagelea
Just when we bought our dream place on Mallorca, right smack in the middle of the Mediterranean, it is looking as if we made a bad real estate deal. We thought that we would not only like it there but also that it would prove to be a good long-term investment.
However, it now appears that it will not turn out to be such a smart investment. It seems that the Mediterranean is scheduled to disappear. Literally.
But there is some good news, if there can be in such a scenario--it will take a while before this happens. About 250 million years. So we should have plenty of time to enjoy it there, sell it, and maybe even turn a profit.
You may be surprised to learn that the fate of the Mediterranean is not another one of Al Gore's inconvenient truths. If anything, according to Al Gore, after all the Arctic ice melts the Mediterranean should swell to the size of the Pacific Ocean and our flat on Mallorca, as well as our New York City apartment, should become waterfront property, and thus much more valuable.
The end of the Mediterranean, however, will be the result of another, even more powerful geological phenomenon--continental compression. It is scheduled to happen not because of global warming but because of shifting plate tectonics. (NY Times story linked below.)
About 200 million years ago, all six of our current continents were fused together into a single land mass call Pangea. Then Pangea began to break up into separate land masses, each floating about on its own tectonic plate so that by just 100 million years ago North America, Europe, and Asia became pretty much a continent of their own; South America and Africa were still semi-attached with only a narrow body of water between them—the early Atlantic Ocean; and India was drifting north on its own plate, heading for what we now think of as Asia where it eventually slammed so hard that the force of that collision caused the Himalayas to rise to their current towering majesty.
But before we get too comfortable with the current map of the globe, and our various deeds and property lines, using new models to spec out the future of the earth, scientists are uncovering evidence that today’s continents are about to make a U Turn: During the next 250 million years they will drift back toward each other and eventually crash into one another, re-forming a single land mass.
Some are calling this Pangea Ultima; others, since it appears that the new landmass will encircle what is now the Indian Ocean, prefer to refer to it, because of this water hole, as Donutea or Bagelea.
I suspect you know my preference.
But ultimately there is another piece of good news—with the continents separated as they are at present, it takes about 11 hours to get from here to Mallorca; and if we use frequent-flier miles we have to cash in about 80,000 miles each. With all the continents bunched together as they will be, New York and Palma, Mallorca will be so close together that it probably will take only about two hours to get there.
And on Jet Blue it will cost a mere $65 each way, in today’s dollars. So we won’t even need to use frequent-flier miles.
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Fellow bloggers, here is an interesting article I found for beginners in the Forex trade industry – hope you find it as useful as I did:
Not sure about what Forex trading means and about the ways of using it and benefiting from its wide range of advantages? Here is a simple FAQ guide that explains the main things you need to know when dealing with Forex trading.
What Is Forex Trading ?
Forex trading, also known under the names of Foreign exchange or FX market is the widest currency market in the world, with transactions summing more than one and a half million dollars every day. Regarding the "location" of the Forex trading market, it should be mentioned that it is an actual over-the-counter market, since trades are conducted between two counterparts.
How Many Trades Can I Make Per Day?
Many traders ask themselves this question, but the answer depends on the amounts of money involved. For example, in the case of small trades, traders can make up to 10-12 transactions per day. Forex trading works quite fast and can be easily operated, plus, it implies no fees and no commissions, so traders are welcomed to operate as often as they want.
Which One Is the Best Trading Strategy?
This is a relative matter, considering the wide range of traders that operate with Forex trading and use diverse strategies. For example, there are the traders who are basically following the economical aspects and who pay a lot of attention to the economical trends of the moments. On the other hand, there are the technical traders, who operate regarding various mathematically-based charts and analysis that help them identify the surest ways to the desired profits.
What about the Risks?
First of all, we are dealing with a currency market, so you should know from the start that there are certain risks involved. But the most common tool that is used in order to get protection from risks is represented by the stop-losses. What is a stop-loss? It basically refers to the fact that a position is automatically liquidated as a safety measure, to avoid dramatic changes of the position. The Forex trading market is the most liquid of all, so executing both stop-losses and limit orders is quite easily. Still, these stop-losses are not guaranteed if dealing with sums over one million dollars.
Who Can Use the Forex Trading Market?
Forex trading market is mainly dominated by powerful investors, banks, brokers and international companies. Besides, these, more and more private investors, dealers and private traders seem to use the Forex trading market.
When Can I Use Forex Trading?
The main advantage of this currency market is the fact that it is a 24-hour market. This means that it can be accessed at any time, from various parts of the world. This helps the investors significantly, considering that they can respond to transactions quite fast and operate with trades when they desire.
Now you know the main things you need in order to start considering operating with Forex trading. Besides great accessibility and rapidity, plus the fact that it is a 24-hour market, Forex trading is also a currency market that implies no commissions and no additional fees, which is always a substantial plus for any trader.
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