nationalism

An article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other…

You could see this one coming given the humiliating circumstances under which the German Chancellor learned that GM was pulling out of the Magna deal. The BBC is now reporting that Germany will give General Motors no aid to restructure…

I have been reading press accounts of the GM decision to back out of the Opel/Vauxhall sale to the Magna/Sberbank consortium from various countries. There are a lot of different perspectives on this event in the U.S., Belgium, Spain,…

For the last few months I have been casting around looking for bullish data points as counterfactuals to my more bearish long-term outlook. I have found some, but not enough. If you recall, early this year, I stated that we are in…

This entry from Gary Shilling comes via John Mauldin’s site InvestorInsight.com where he highlights commentary from some of the best economic thinkers. Shilling, who correctly predicted problems in residential real estate in the US, is in…

Politicians in Washington D.c. have cooked up a nice way to re-create the mistakes of the Great Depression by attaching a 'Buy American' provision onto the stimulus bill making its way through Congress. Apparently the Canadians and…

Smarting from Tim Geithner's comments about China manipulating, its currency, the Chinese have retaliated with a condemnation of U.S. economic policy in the harshest of terms. At the World Economic Forum, Chinese Premier Wen went on the…