China Is Not Our Banker

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 […]

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U.S. Treasury Still Refuses to Name China a Currency Manipulator

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 […]

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Chinese not Happy with the China-Bashing by Candidates

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. […]

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Eurozone

Eurozone: A Bad Situation Getting Worse

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, […]

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Will No-Interest Banking Undo Turkey’s Economy?

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 […]

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Iran Scoffs at Western Sanctions; Continues With Nuclear Weapons Program

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.” […]

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