Dollar is the New Peso

The U.S. dollar will continue weakening, and investors may borrow it to invest in higher-yielding assets, says Peter Schiff, president of Euro Pacific Capital. “I don’t know when (the dollar) is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.” A weak dollar and low U.S. interest […]

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U.S. Government Going Broke

Boston University economics professor Laurence Kotlikoff says the government “is going broke.” In a Federal Reserve Bank of St. Louis Review article, he points out that bankruptcy is usually defined as an inability to pay interest on current debt, with no prospect of being able to pay without changes in circumstances. In assessing whether the […]

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Barack Obama to face tough questions on US foreign policy

President Barack Obama faces the sternest test of his international leadership this week when he attends the United Nations and chairs a G20 summit, amid growing doubts about his grandiose vision for US foreign policy. When he addresses the 64th UN General Assembly, which opens tomorrow, Mr Obama will tell his global audience that “everybody […]

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