Economy

Claus Vistesen with one economist's view on China and EM currency revaluation, innovation in 3D manufacturing and the climate change debate

When we see more of the e-mails, this should get interesting. But don't expect an prosecutions. Source: In Prison Interview, Madoff Says Banks ‘Had to Know’ - NYTimes.com

By Win Thin It’s a tale of two euros when it comes to growth in that region.  Q4 euro zone came in at 2.0% y/y, slightly weaker than expected and up slightly from 1.9% y/y in Q3.  However, the variance within the major euro zone…

Overall, we should credit Germany for building a recovery based not just on exports, but on capital investment and saving. One reason that Germany is a manufacturing and export powerhouse is because it has invested in those businesses.…

I was on the BBC this morning talking about the Obama FY 2012 budget proposal. Here's what I said and what I think about the proposal so far (If I get the video, I will post). This post will be more about the political tactics and…

Just like in the Quantitative Easing Explained video, this one on the bank bailouts gets down to brass tacks. It strips away all the government propaganda that taxpayers profited from the bailouts by revealing some of the many backdoor…

Here is a good video from Bill Black on the origins of the Savings & Loan crisis in the U.S. The roots of the crisis go back to the stagflation of the 1970s when interest rates spiked under Paul Volcker. As S&L's borrowed short and…

By William K. Black Freddie Mac made a terse announcement Wednesday in a securities filing about the resignation of its chief operating officer, Bruce Witherell. Freddie said that Witherell resigned "for personal reasons."…

This morning, the U.S. Department of Labor reported a surprisingly low 383,000 first time claims for unemployment insurance. This number, which is the lowest we have seen in two-and-a-half years in the U.S., was well below expectations. It…

In January Steven Hansen observed that, through November, the trade deficit for manufactured goods in 2010 was the equivalent of 1.3 million workers earning the median manufacturing wage in the U.S.