protectionism

Eric Janszen, Interview with Dr. Michael Hudson 6 November, 2010 Janszen (E): What I’m noting, starting with the gold crisis over the last few weeks, and the public nature of some of the complaints that we’re hearing out of Brazil and…

by Win Thin China took more efforts aimed at “further curbing inflows” with measures designed to “maintain China’s economic and financial security.”  The measures appear to be relatively mild, but like Brazil, China may end up…

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…

by Edward Hugh For reasons which aren’t worth going into now, I’m reading through a recent report by Deutsche Bank Global Markets Research entitled “From The Golden To The Grey Age” this afternoon. The report (all 100 pages of it, many…

There hasn't actually been any "QE".   You've simply had the promise of QE2 and some attempts within the market to front run the actual implementation of the policy.  In reality, QE per se has nothing to do with the…

I think it's fair to characterize the situation with the Fed's Quantitative Easing Open Mouth Operations as somewhat out of control. Fears of a disorderly decline in the US dollar are certainly increasing. If anything, the US dollar is…

US Treasury Secretary Tim Geithner was on Charlie Rose the day before yesterday explaining his position on alleged "currency manipulation" by the Chinese. This quote stands out as defining his position: What’s happening is, as…

Earlier this week I had a debate on TV with a local economist on the subject of trade relations. We had the same debate about six and twelve months ago and in each case while I argued that the trade problems were almost intractable and…

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…

by Annaly Capital Management In recent weeks, the Plaza Accord has been receiving a lot of attention, particularly after the IMF’s annual meeting in Washington concluded without making any progress on currency issues. If you recall, the…