money

I recorded the video segment below on on RT America on Wednesday night (Notice my green tie for St. Patrick's Day!). The overall gist of the clip was that the currency battle now brewing between China and the U.S. is mostly a political…

UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it…

Highlights The US dollar is firmer against most major currencies.  The euro is trading near the week’s lows while the safe haven Swiss franc is up on the day amidst ongoing concerns about Greece.  That’s despite comments from…

China and commodities bull Jim Rogers thinks the economy is going to eventually run out of gas by 2012. While he doesn’t call this a double dip, he does say that “the next time it’s going to be worse because we’ve shot all of our bullets.”…

Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing…

The US Financial Conditions Index (BFCIUS) is a composite measure of the condition of U.S. financial markets, using yield spreads, indices from bond, equity and money markets. Right now, it is at a 32-month high. But, while this is…

A few thoughts on the links here Notice Michael Tomasky’s calls for higher taxes. He says: If there is one core attribute that makes Democrats Democrats, it is that they believe in government, which means you have to believe in taxes,…

John Mauldin’s latest is about spotting asset bubbles and the potential government policy response. But he also has a lot to say about the latest employment situation survey and the situation in Greece with an apt comparison to the U.S. In…

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has an alarming note out this morning on economic policy.  I take notice because Chandler usually writes in more nuanced and non-apocalyptic tones.  For…

I wrote this in April 2009 about the Federal Reserve’s machinations: You should note that only the fiscal stimulus required legislative approval. All of the other ’stimulus’ has been done without Congressional approval and largely…