James Pethokoukis

PelosiCare could be bad news for the dollar

November 9, 2009

If the Reserve Bank of India’s directors had any doubts about the wisdom of buying 200 tonnes of IMF gold — and likely dumping some U.S. Treasuries in the process — they had only to watch last weekend’s legislative activities on Capitol Hill. The proceedings provided plenty of reassurance that the move was a smart play.

Remember the Misery Index?

November 9, 2009

I am not sure Jon Hilsenrath of the WSJ does: “It’s hard to get inflation when unemployment is so high.”

Tobin taxes, the dollar and gold

November 9, 2009

Perhaps the real reason Gordon Brown suggested a securities transaction tax was to tamp down on currency speculation that driven down global currencies vs. gold. Willam Rees-Mogg explains: