Wednesday, July 20th, 2011
Lately, a lot has been said about Greece, Spain and Italy in the financial crisis affecting Europe. The fear is that these economies can affect the performance of bigger economies, like Germany, one of the largest economies in the world and the second worldwide exporter.
Monday, July 18th, 2011
Article and photo originally found at The Telegraph, July 18, 2011, Ambrose Evans-Pritchard
Thursday, July 14th, 2011
Italy's senate approved today a plan to cut government spending for the period 2011-2014. Italy's public debt is more than 100% of GDP and the fiscal deficit was between 3% to 5.9% of GDP for last year.
Wednesday, July 6th, 2011
The European countries seem to be facing a road with no easy exit. One on side they are facing fiscal deficits. On other side they are already dealing with an important debt amount that can hardly be sustained, as the case of Greece is showing these days.
Wednesday, July 6th, 2011
Article and photo originally found at The Wall Street Journal: Opinion EuropeAuthor: Dr. Judy Shelton
Thursday, June 23rd, 2011
With the financial crisis affecting the United States and Europe, here and there are comments and concerns on what could happen with the dollar, the euro and even the international monetary order.
Friday, May 20th, 2011
"After 1914, the gold standard was given up and in the 1920s countries unabashedly resorted to unbridled fiat money resulting in hyper-inflation in a number of European countries.
Friday, April 8th, 2011
"The devaluation of the British pound from $2.80 to $2.40 is not only another declaration of the bankruptcy by Great Britain; it is another revelation of the bankruptcy of the international money system concocted at Bretton Woods, N.H., in 1944."
Thursday, March 31st, 2011
"'World leaders must understand that re-establishment of international confidence is more important for recovery in every country than the artificial measures from which people sometimes expect salvation,' Daladier said.
Thursday, March 31st, 2011
"A top Chinese economist warned that the world has fallen into a "dollar trap," as U.S. trading partners lack an alternative to the greenback and can't prevent the Federal Reserve from printing more money.
Wednesday, March 30th, 2011
"The benefit of maintaining price stability in the eurozone as a whole, and thereby keeping the inflation risk low, becomes even greater in times of crisis. At the height of the financial crisis, the ECB lowered interest rates aggressively in the face of downside risks to price stability.
Monday, March 28th, 2011
"The financial strains created by crises in Japan and Europe highlight a growing problem: The rich world is getting close to the point where it won't be able to bear the costs of another disaster.
Wednesday, March 23rd, 2011
"When the Federal Reserve began telegraphing late last summer that it would launch a new round of monetary stimulus to help the U.S. economy, Wall Street assumed that the dollar would be the sacrificial lamb.
Wednesday, March 23rd, 2011
"The ostensible reason for the currency interventions was to promote stability. According to David Mann, head of research for the Americas at Standard Chartered Bank. "This is about limiting volatility and reducing uncertainty."
Thursday, March 17th, 2011
Extreme events sometimes cause big shifts in the economic point of view of the market process. The recent financial crisis brought back into scene Keynesian economics as a way to cope with the depression and make the economy recover.
Thursday, March 17th, 2011
"Summarizing an IMF conference, Olivier Blanchard lists nine points. I will make extended comments below the fold. Here is a crucial sentence:
Friday, March 11th, 2011
"Despite government efforts to rein in inflation, China’s consumer price index in February rose 4.9% from a year earlier for the second straight month–well above the government’s target of 4%–the National Bureau of Statistics said Friday.
Friday, March 11th, 2011
“Just before the First World War in 1913, the German mark, the British Shilling, the French franc, and the Italian lira were all worth about the same, and four or five of any were worth about a dollar.
Thursday, March 3rd, 2011
"The greenback, in other words, is not just America's currency. It's the world's. But as astonishing as that is, what may be even more astonishing is this: The dollar's reign is coming to an end.
Monday, February 28th, 2011
"As recently as last month, governments of emerging economies from South Africa to Brazil warned that competitive devaluations might be needed to keep their strengthening currencies from stifling economic growth.