2010

The BBC's economics editor Stephanie Flanders released this nice little 3-minute video which explains why the so-called currency wars are something you should care about. For me, it is quite significant that South Korea of all countries,…

To my eyes, this is looking like a repeat of the Macintosh-PC Wars of the 1990s which Apple lost. On the one side, you have Apple, competing at the high end and very concerned about platform integrity and control, and preventing other…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). "igher stock prices will boost consumer wealth and help increase…

Irish woes appear to be the main culprit dragging the euro down to its lowest level since Oct 20.  A break of the $1.3650-80 area could signal another two cent decline in the coming days. The flight into German bunds for safety is…

China reported an October trade surplus of $27 billion Wednesday. This is a very big number and not one likely to soothe anger directed at China. It will be very hard for China credibly to argue that it is trying to contribute to global…

Bloomberg notes: South Korea may revive a 14 percent tax on domestic Treasury and central bank bonds held by foreigners as early as January to curb foreign-exchange volatility, a ruling party lawmaker said. “If we don’t do it right now…

Highlights The US dollar was just about evenly split across the board versus the G10 with large gains versus yen, but largely down versus sterling and CAD.  Meanwhile, the EUR whipsawed between $1.37 and $1.38, and as London came in…

I am on-board with Roach's sentiments. This is certainly what I take away from the U.S. policy mix. Now, a lot of economists of the Keynesian variety are telling us that the problems in the US are cyclical i.e. an aggregate demand (AD)…

by Annaly Capital Management One of the goals of QE is to raise asset prices, as we have been told by Chairman Bernanke and Brian Sack among others, which should stimulate wealth-effect consumption. Leaving aside all of the obvious hazards…

The Usual Fare Get Ready for China's Big Development Switch_English_Caixin Taiwan’s two lines of currency defence | beyondbrics| FT.com Demand for Loans Remains Weak, Mixed News about Underwriting Standards - Asha Bangalore…