Commentaries

from Rolfe Winkler:

Rickards: You can’t print your way out of debt

January 20, 2010

Reader note: This is Jim's second piece in an ongoing debate with Warren Mosler about the economy. Here are links to previous posts in the series: Writer biographies / Mosler #1 / Rickards #1 / Mosler #2.  There will be one more post from each writer.

from Rolfe Winkler:

Evening Links 12-6

December 6, 2009

(Reader note: One bug we're still trying to work out is that links in the top line of a post aren't "hot" in the front-page view of the blog. If you click "continue reading" the link is available)

Euro at $1.50 — a disaster or an alibi?

By Paul Taylor
October 20, 2009

OUKTP-UK-FINANCIALThe French can never resist blaming a strong currency for their misfortunes. So it should come as no surprise that Henri Guaino, President Nicolas Sarkozy’s influential political adviser, has said that having the euro at $1.50 is “a disaster for European industry and the economy”. Since the euro stood at just above $1.49 as he spoke on Tuesday, Guaino presumably sees the single currency area as on the edge of the abyss. 

Dow hits 10K

October 14, 2009

OK, it’s finally happened so hopefully talking heads can stop obssessing about this magic number. Traders in the more esoteric spaces, like non-agency mortgage bonds, are even feeling the love. We get another round of bank earnings tomorrow, including Goldman Sachs, which if they’re anything like JP Morgan, could ignite even more euphoria in markets.

Kohn on V-shapes, housing, inflation and a whole lot more

October 13, 2009

Donald Kohn, the Fed’s number 2, has a lot to say about the economic outlook but not a whole lot new in terms of when the central bank will reverse course on its extraordinary easy monetary policy. Full speech at the National Association for Business Economics in St. Louis can be found here.

Don’t worry about the weak dollar

October 13, 2009

By John M. Berry

There’s no way to shut off the incessant warnings about a weak dollar from foreign officials and some economists, but it’s perfectly safe to ignore them.

Carrying the dollar lower

September 14, 2009

There’s been lots of hand wringing over the fate of the dollar, with its recent slide giving rise to, in the words of blogger Macroman, the “dollar going down forever” crowd. Data released from the U.S. Treasury on foreign capital flows didn’t help matters. Seems in July foreign investors wanted to put their funds elsewhere.

Love affair with FX reserves

August 24, 2009

The post-crisis world order is starting to look distressingly similar to the old one.

Stiglitz not to be outdone by Pimco, Buffett

August 21, 2009

The future of the dollar has been all the rage this week as Warren Buffett and Pimco portfolio manager Curtis Mewbourne chimed in about its demise as a store of value. It somehow seems appropriate then that Joseph Stiglitz, the Nobel Prize-winning economist who is no stranger to the debate, would weigh in on the need for a new reserve currency at a conference in Bangkok.

Getting ready for the dollar’s fall

August 19, 2009

It just won’t go away, this needling worry about the U.S. dollar losing its coveted top-dog status.