2010

US Treasury Secretary Tim Geithner was on Charlie Rose the day before yesterday explaining his position on alleged "currency manipulation" by the Chinese. This quote stands out as defining his position: What’s happening is, as…

Topic of the Day: Foreclosures Since we haven't really covered the foreclosure crisis here, I will use today's links to point you to some articles on the topic. Hopefully this gives you a comprehensive look into what is happening.…

US headline PPI came in somewhat higher than expected at 0.4%.  Weekly initial jobless claims were a bit stronger than expected and the US trade deficit was wider than expected.    The trade balance, adjusted for…

Earlier this week I had a debate on TV with a local economist on the subject of trade relations. We had the same debate about six and twelve months ago and in each case while I argued that the trade problems were almost intractable and…

The U.S. Senate will pass legislation geared to pressuring China to revalue its currency and the US is set to label China a currency manipulator. The view in Washington ahead of the mid-terms is that China is "the bad guy" as Paul…

Highlights The US dollar is getting punished; suffering steep broad based losses today.  The spark that has driven the euro and sterling through their recent caps near $1.40 and $1.60 respectively, the Australian dollar, Swiss franc…

In regards to Paul Krugman's argument's on China in the video in the last post, I think this quote from David Rosenberg's latest daily market commentary is spot on: Since 1985, dollar-yen has sunk nearly 70% and yet the US has the…

The interesting thing about this clip is that Paul Krugman is probably right: you need trillions of printed dollars to get the stimulative effect the Federal Reserve is looking for. Ambrose Evans Pritchard was talking about taking the Fed's…

The following video is from the Wall Street Journal and serves as a continuation on the theme of investigating the economies of Europe's periphery. These videos are good because it puts a human face on a subject for people unfamiliar with…

We have heard this de-coupling theme for quite a few years now. The theory is that high-growth emerging markets are becoming less reliant on the U.S. and therefore are immune to exogenous shocks from the U.S. The video from Russia Today TV…