2010

The US unemployment rate remained unchanged at 9.6% in September based on the US Department of Labor's household survey. Meanwhile non-farm payrolls dipped 95,000 due to a downtick of 159,000 in government payrolls, numbers below…

Highlights The US dollar is firmer amid last minute positioning just ahead of the employment data.  With another round of asset purchases continues to seem probable, even though FOMC voting member Bullard and non-voting Dallas Fed’s…

by Win Thin With all this talk about currency wars, several points need to be made.  The most important one that we have been stressing is that EM currencies are stronger now than they were a year ago, hardly the stuff of competitive…

by Comstock Partners On Tuesday the market soared on the grounds that global efforts to engage in another round of monetary ease and devalue currencies would boost economies around the world. We think that the market's initial reaction is…

(video embedded below)     See Stiglitz's written remarks here: Source: Joseph Stiglitz - The Federal Reserve’s Relevance Test - Project Syndicate

The short answer to my question is no. I was thinking about this early today and here's what I have come up with as a more fleshed out answer. Budget deficits are the result of an ex-post accounting identity. In plain English this means…

Stephanie Pomboy, president of Macromavens LLC (and a college classmate of mine), talked to Pimm Fox on Bloomberg TV's "Taking Stock" about the Federal Reserve's efforts to boost the U.S. economy by lowering interest rates and…

In regards to Ed's last post on China and trade, the position of Michael Pettis is much closer to mine (and Martin Wolf's, which he expressed yesterday in the FT).  The quote of Pettis that Ed cites does not invalidate my position at…

As a result of the Federal Reserve's next round of quantitative easing, Goldman Sachs is predicting a sharp slump in the US dollar's value against other major currencies. In particular, the dollar is expected to weaken to $1.79 against the…

On Gold EconomPic: On the Value of Gold Vietnam considers end to gold import ban; global prices rise | beyondbrics | FT.com Correction Could be Coming For Gold – CNBC Why has the price of gold risen 300%? | Kenneth Rogoff |…