“Talk about the flag or drugs or crime (never about race or class or justice) and follow the yellow brick road to the wonderful land of consensus. In place of honest argument among consenting adults the politicians substitute a lullaby for frightened children: the pretense that conflict doesn’t really exist, that we have achieved the blessed state in which we… Read more →
23 search results for "currency"
Miscellany
Well, after my week away I’ve got a pile of catching up to do. However, I just can’t bear to go into all the Bush administration scandal stuff right now, so I guess I’ll just work the eclectic stuff tonight. After the jump, eight tidbits of interest. Read more →
Fiscally Conservative?
So I just want to make sure I understand things–is it the received wisdom that the Republicans are fiscally conservative, and the Democrats are the ones who spend money they don’t have? Interesting. Over at Calculated Risk there’s some posting going on about the US National debt: The US Treasury Department reports that the US National Debt increased $553.7 Billion… Read more →
Here there be macroeconomics
(If you were scared by some of my earlier posts following the US currency, you should stay away from this.) So, one of the interesting questions right now in the field of macroeconomics is: who is funding the US? Brad Setser has a great post outlining some of the aspects of this question. For example, we know that in 2003… Read more →
Permanent Damage
So, I read comics. Yes I am an adult, no I don’t read about super-heroes. We can have this tired argument later. The point is that as a reader of comics, I also read a number of online resources about comics. Consistently the best of these, to my taste, is comic writer Steve Grant‘s weekly column, Permanent Damage. Typically the… Read more →
‘Economic Armageddon’?
Wow, I thought I was getting close to tinfoil hat territory on the whole currency/economy thing, and along comes Morgan Stanley’s chief economist who makes me look like Pollyanna. Here’s the first few paragraphs, but you’ll want to read the whole thing: Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.… Read more →
Weak US Dollar (Part III)
Continuing our look at the weak US dollar we have a couple of articles from this week. First up is US dollar weakness worries EU, which includes this tasty bit: While the US Treasury continues to insist the Bush administration favours a strong dollar, foreign exchange markets assume Washington is happy with a weak currency as a means to bolster… Read more →
US Dollar Falls…
One of the few upsides that I can find at a very selfish level in the Bush win is that as Bush’s fiscal insanity continues to destroy the US economy (while he pretends to be a “fiscal conservative”) the rest of the world is noticing and consequently the US dollar is dropping. Even though I work for an American company,… Read more →
