Topic: International

“Leading Chinese credit rating agency downgrades USA government bonds”

– November 12, 2010

“One of China’s leading credit rating agencies has downgraded United States of America government debt in response to what it sees as deliberate devaluation of the dollar by quantitative easing and other means. If China, now the second biggest economy …

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“Time to Reform the International Monetary System”

– November 12, 2010

“A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world’s growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration’s proposal to elevate trade balances as the reference …

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“Sovereign Debt Concerns Weigh on Euro”

– November 9, 2010

“The euro came under pressure as worries over the finances of countries on the edges of the eurozone continued to undermine the single currency. While the cost of insuring against a default in Portuguese, Greek and Spanish government debt has risen sha …

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“China’s Stocks Decline for a Second Day on Inflation Concerns, Valuation”

– November 4, 2010

“China’s 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 month’s rally. Jiangxi Copper Co. and Da …

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“Fed to Buy $600 Billion of Treasurys”

– November 3, 2010

“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, sayi …

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“Fear of Currency War Grows as US Dollar’s Value Falls”

– October 27, 2010

“Is this a currency war or what?… In Washington, where a “strong dollar” has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollar’s decline is being driven by what everyone in glo …

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“America’s ‘Plan’ to Destabilize China”

– October 27, 2010

“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 — and a growing coalition of forces — has mounted a massive attack on China. …

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“Surging Inflation Spurs Debt Concern in 2012, Swaps Show: Argentina Credit”

– October 26, 2010

“The third-highest inflation rate in the world is making investors less confident in Argentina’s ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a defaul …

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“China Hides Rampant Inflation in Money Binge”

– October 21, 2010

“When money is created at a faster rate than real economic growth, the result is inflation. Yet so far this year, China’s official statistics show consumer inflation at barely over 3 percent. Those figures have many economists scratching their heads, w …

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Surprise! China Has Inflation Problems…

– October 21, 2010

“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 h …

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“Dollar Sinks Amid Fed Speculation…”

– October 21, 2010

“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 …

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Currency Chaos: Where Do We Go From Here? – Judy Shelton

– October 16, 2010

‘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 p …

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