โข
“Chinaโs stocks fell for a second day on concern the government may join other Asian nations in taking measures to slow inflation and that valuations for the biggest commodity producers were excessive after last monthโs rally. Jiangxi Copper Co. and Datong Coal Industry Co. lost at least 5 percent on speculation U.S. economic measures may…
โข
“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, saying they will buy $600 billion of U.S. government debt over the next eight months. The…
โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, Chinaโs official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, wondering where the inflation went, while most people in China seem content to believe their…
โข
“In order to avoid the global recession that took hold in 2008, China implemented an aggressive stimulus policy. Credit was made plentiful and the inflation machine kept on chugging. The amount of foreign capital attracted to China’s continued growth helped to push prices of real property higher and higher.” Read more.ย Surprise! China Has Inflation…
โข
“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation…
โข
‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Gold is soaring as the dollar slides, and economists debate whether the biggest…
โข
“This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At that rate, if eggs cost $1 one day, they’ll cost $2…
โข
“Chinaโs stocks fell for a second day on concern the government may join other Asian nations in taking measures to slow inflation and that valuations for the biggest commodity producers were excessive after last monthโs rally. Jiangxi Copper Co. and Datong Coal Industry Co. lost at least 5 percent on speculation U.S. economic measures may…
โข
“The Federal Reserve Wednesday unveiled a controversial new plan to buy U.S. Treasurys, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, Fed officials decided to go ahead with a much anticipated program, saying they will buy $600 billion of U.S. government debt over the next eight months. The…
โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, Chinaโs official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, wondering where the inflation went, while most people in China seem content to believe their…
โข
“In order to avoid the global recession that took hold in 2008, China implemented an aggressive stimulus policy. Credit was made plentiful and the inflation machine kept on chugging. The amount of foreign capital attracted to China’s continued growth helped to push prices of real property higher and higher.” Read more.ย Surprise! China Has Inflation…
โข
“The dollar weakened against 15 of 16 major peers, losing at least 1.5 percent versus currencies including the Australian dollar and Swedish krona. The U.S. currency has depreciated more than 3 percent versus all 16 major counterparts since the end of August, falling more than 10 percent versus the euro and Australian dollar, as speculation…
โข
‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’Global monetary relations are in disarray. Exchange rates fluctuate wildly among the world’s major trade partners, spawning talk of protectionism and a currency war. Gold is soaring as the dollar slides, and economists debate whether the biggest…
โข
“This is a story about how an economist and his buddies tricked the people of Brazil into saving the country from rampant inflation. They had a crazy, unlikely plan, and it worked. Twenty years ago, Brazil’s inflation rate hit 80 percent per month. At that rate, if eggs cost $1 one day, they’ll cost $2…
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