international

We are starting to get a sense of who the winners and losers of the Great Unraveling are. Spain is definitely a loser. Just think, a few years ago Spain was the envy of Western Europe with a dynamic and booming property market and…

George H. W. Bush's National Security Advisor talks with Charlie Rose and Carlos Pascual, Brookings Institute vice president and director of Foreign Policy. They opine on "the Obama Doctrine" as Barack Obama nears his 100-day mark in…

This past week, I caught an article in Wirschaftswoche (WiWo), the German Business Week, which suggested that the South Koreans were very confident about their economy and had learned from the Asian Crisis. Just today, the South Koreans…

Former President of the Soviet Union, Mikhail Gorbachev, and former U.S. Secretary of State, George Shultz, reflect on the events surrounding the fall of the Berlin Wall.

Marshall Auerback here with a few thoughts about this economic cycle, external imbalances, fiscal stimulus, and current account deficits. This is not the Great Depression. We are going to have "muddle through" here precisely because we…

I don't want to beat a dead horse here, but the Chinese have been making a lot of muscular moves diplomatically. While shifts in balance of power often take decades, it is increasingly apparent that China is making a strategic move in that…

The following post is up on Morgan Stanley's website and highlights the degree to which money printing has become the policy tool of choice used by central bankers with which to fight this deflationary threat. I have highlighted the whole…

This comes via the Financial Times (Hat tip CR): China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. In an essay…

If you have noticed, Pakistan is in a real state of crisis right now. Given the fact that this country is both unstable and possesses nuclear weapons courtesy of A. Q. Khan, it stands to reason that everyone should be interested. The fact…

Recently, I have highlighted the comments of a number of investing gurus, most of whom are fairly positive on the market. This includes Jeremy Grantham, Marc Faber, Bill Fleckenstein, Fred Hickey, Marty Fridson and Steven Leuthold (Louise…