China has fallen behind Japan as the largest foreign holder of U.S. securities. The Department of the Treasury’s new numbers are good only through June 30, 2012, but it puts Japan at $1.84 trillion and China at $1.59 trillion. There are lots of things to say about this, but one stands out: The loose talk […]
The Obama administration on sill on the same old path said China isn’t a currency manipulator and made the claim that under U.S. law they okay, at the same time they claimed the yuan “remains significantly undervalued” and needs to rise further. The Federal Reserve and Obama refuse to acknowledge they ate currency manipulators. Feds said China “has substantially reduced the […]
Republican presidential nominee Mitt Romney promised to label China as a currency manipulator, and, if elected, would prosecute their practice of limiting their currency as a means to keep their export prices low, during Tuesday night’s debate. President Obama, likewise, bragged about his tough stance against China’s low-cost goods and currency manipulation according to the Wall Street Journal. […]
The bad news has been coming thick and fast in the European debt crisis. Moody’s, the rating agency, has rated both Germany and the European bailout funds negative. So far, Germany has not panicked and investors still prefer to park their money in German credit, but this may further weaken support in Germany for managing […]
At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults. Economic figures released today for the fourth quarter of 2011 paint a bleak picture for the already embattled Eurozone. Italy and the Netherlands, […]
by Daniel Pipes January 10, 2012 updated Jan 21, 2012 That’s the thesis implicit to David Goldman’s analysis at “Recall notice for the Turkish model.” After dubbing the Turkish economy a bubble that “is bursting, starting with the stock market and national currency,” he makes this observation about the prime minister: Erdogan has the weirdest […]
Iranian Ambassador to South Korea Ahmad Masoumifar on Wednesday said there is a high demand for Iran’s crude oil supplies and Tehran has no problem maintaining exports. Masoumifar also shrugged off Iran’s shrinking pools of customers, saying “we (Iran) are producing about 80 million barrels [of oil] and there is demand for about 90 million.” […]
A lady in Monte Vista, CO had this dollar bill. This is her story. You don’t think we’re in a war. What thoughts come to mind! These are starting to show up around our country! After dinner she took a $1 dollar bill out of her purse and displayed it on the table. Underneath the […]
It has been said that statesmanship consists of choosing the lesser evil. The European Union believes that another bailout of Greece is the lesser evil compared to debt restructuring, giving creditors only part of their money back or giving it back in full later than was originally contracted. The economic wise men of Europe have chosen to […]
Financial market weirdness had to ruin a perfectly quiet start to Wednesday, look at this 5 minute drop, right off a cliff! Notably, there was just a major drop in the dollar (against the yen) today. This drop off a cliff is mainly because of the U.S Federal Reserves Q&A on Tuesday. The market tanked […]
