currency wars

by Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of…

This was my latest media appearance from last Friday. I spoke to Howard Green about the G-20 summit in Seoul with David Weidner of Market Watch. You can see some of my pre-meeting comments here. While I thought US Treasury Secretary…

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…

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…

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…

I will be on BNN today at 12 Noon ET talking about the G20 amongst other topics, so I wanted to highlight this issue. Here's the text first (with added bolding) and then a few comments: First, G20 countries should commit to undertake…

I didn't make this title up, but it's so clever I wish I had. Andy Xie, the Former Morgan Stanley Asia economist used this as the sub-header in a column in today's Caixin editorial. Xie doesn't buy the G-20 rhetoric that all is fine in the…

Highlights The US dollar continues to trade choppily against the major foreign currencies as corrective pressures encounter the underlying bearish sentiment.   The unexpected rise in the German IFO (107.6 vs consensus 106.5 and…

from Win Thin, Global Head Of Emerging Markets Strategy, BBH Philippines central bank said it will use a mix of tools to manage capital inflows, since those inflows can “complicate” monetary policy.  Level of concern appears low, but…

Manuel Marfán, vice-governor of the Central Bank of Chile, told CNBC Europe Tuesday that the Chileans are concerned about what is happening in the currency markets. He said their first responsibility was to be "good global…