currency wars

Is Al Pacino a great actor or what?  Inspired by Paul Krugman's comments about China. I hope Dr. Krugman appreciates the humour. Source: Tony Montana, Scarface (1983) IMDB

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…

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…

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…

Morgan Stanley has an interesting piece out today, arguing there is  no 'currency war'... yet. Win Thin made some points on this score yesterday, pointing to real effective exchange rates in developing countries. Morgan Stanley's Manoj…

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…

The global economy, now supported in the main only by the overextended U.S. consumer, finds itself at stall speed, susceptible to any number of potential exogenous shocks. Ultimately, the economic malaise created by this confluence of…

In a synchronized global economic downturn, the temptation for policy makers is to view economic growth as a zero-sum game and to take policies that, while favourable to domestic constituents, end up 'stealing' growth from elsewhere. The…

Yesterday, Ed sent me an article by James Fallows on some 2006 comments by Republican gubernatorial candidate Christine O'Donnell regarding the threat to the United States posed by China. She said China had a "carefully thought out…

It seems pretty clear that we are now entering a new stage of quantitative easing, competitive currency devaluation, and protectionism. Expect to see a number of posts on this later today. But I want to highlight this here in the links post…