2010

by Michael Pettis The seemingly imminent and inexorable rise of the renminbi as a major, even dominant, reserve and trading currency, has been almost as widely heralded as the equivalent rise of the Japanese yen just twenty years ago. Even…

Good interview on Bloomberg with David Blanchflower. He thinks the US is going to manipulate its exchange rate by printing a bunch of dollars, leading to currency revulsion and selling of dollars. Meanwhile everyone else is fixated on…

Here's a good discussion of what liquidity traps are from John Hussman. His weekly market commentary begins: "There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is…

Given the push toward austerity, I want to make a few remarks about the intersection of full employment with trade and exchange rates. It all begins with the British austerity budget. In regards to that budget, recently presented by the…

This graph comes via the Council on Foreign Relations (hat tip James Fallows).   The Chinese were implementing a gradual revaluation before the credit crisis. They stopped revaluing their currency versus the USD in 2008. And…

If your kids want to dress up as a scary figure for Halloween, they can get this mask below (hat tip Yves Smith).

The Automatic Earth: October 23 2010: Jim Puplava interviews Stoneleigh, Part 2 End Of An Era: Sony Stops Manufacturing Cassette Walkmans FT.com / Comment / Opinion - Why capital controls are not all bad SEC questioned Warren…

Here's an interesting note on quantitative easing and asset allocation from Andy Lees of UBS.  He says: The attached chart gives a simple overlay of the front month 10 year US Treasury future vs the front month S&P future. As…

Highlights The US dollar is broadly weaker in the wake of the G20 statement that appeared to encourage flowing in emerging markets and risk assets in general.  Leading the move is the Australian dollar and Swedish krona.  The…

Pound forecast to tumble on 'insane' spending cuts - Telegraph Five Best Mobile Alarm Apps - Lifehacker What is Wrong with the New Elite?, Arnold Kling | EconLog | Library of Economics and Liberty Wie eine Finanzkrise sich in…