Political Economy

This is probably the best dub of this scene I have seen yet. Hat tip Scott

By David Galland During our just-concluded Casey’s Gold & Resource Summit, Doug Casey spoke out about the folly that central bankers commit when they set out to deliberately weaken their currencies in the hope of gaining an advantage…

I spoke to the Russian TV broadcaster Russia Today and the popular Indian website DNA India late last week about the escalating rhetoric surrounding the forex market. The video from RT is not available yet but the link to the DNA post is…

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). The Honorable Scott Brown United States Senate 317 Russell…

From the Friday BBH FX Special. Also see Win Thin's Thursday comments on this here. Recent weeks have seen much talk about "currency wars". This talk suggests that many countries are seeking the devaluation of their currencies in…

Wouldn't it marvellous if the Fed could get the positive effects of quantitative easing on asset prices without actually having to ease? This whole debate about QE in the United States has been driving asset markets higher (both bonds and…

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

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…