The Lesson Of Argentina: You Can’t Stabilize A Bankrupt Economy
So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND
So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND
This morning’s jobs report was stronger than expected, which – combined with Amazon’s dramatic increase in its minimum wage to $15/hr — implies rising wages
This is the last emerging market crisis story for a while, promise. But one angle – exactly how a plunging currency in a far-off place
2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the
Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: Argentina Central Bank hikes
Emerging market currencies are collapsing pretty much everywhere these days. But it’s safe to assume that most people don’t understand exactly what’s causing this outbreak,
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But
For most of the past few years, emerging market stocks and bonds were among the favorite investments of everyone from hedge funds to pension funds
The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along
About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year
In interviews, whenever I try to make the case that US policies are leading to the kinds of currency disruptions common in developing countries, I
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