Pension savers get the boot

November 30, 2010

From Dublin to Paris to Budapest to inside those brown UPS trucks delivering holiday packages, it has been a tough few weeks for savers and retirees.

Business of America is not consumption

November 26, 2010

James Saft is a Reuters columnist. The opinions expressed are his own.

HUNTSVILLE, Ala — If you think that the business of America is consumption, then sit back, enjoy the Black Friday sales and take heart from the recent upbeat data on spending and income.

Beware China gunning for speculators

November 23, 2010

James Saft is a Reuters columnist. The opinions expressed are his own.

There is a pretty good rule of thumb in global financial markets: if you want to know where problems are beyond the reach of policy, look for places where the authorities are blaming “speculators”.

Following Zoellick down the rabbit hole

November 9, 2010

We’ve all gone down the rabbit hole.

World Bank President Robert Zoellick has lent a certain Alice in Wonderland quality to the financial landscape by saying that the world should consider a return to a modified gold standard of international exchange.

Enter the era of dollar devaluation

By J Saft
November 4, 2010

We’ve entered a new era in global financial markets: the U.S. is intentionally devaluing the dollar.

Institutional failure week

November 2, 2010

-The opinions are the author’s own-

By the end of this week, the U.S. will face a government that is unable to act to aid the economy and a Federal Reserve that is unable to stop.