A too-strong currency is, in theory, supposed to make it harder to sell things to cheap-currency countries, thus crimping corporate profits and by implication pretty
Years (actually decades) ago I lived in a New York University grad student dorm that housed mostly elite kids from other countries. Sons of African
One of the questions on analysts’ minds lately is whether stock prices can keep moving up when corporate sales and profits are falling. But the
Wal-Mart just announced flat year-over-year sales, causing its shares to fall by 9% and wiping $20 billion from its market cap. Which would be unremarkable
Next week we’ll find out if the longest-ever will-they-or-won’t-they drama involving a virtually insignificant quarter-point interest rate change will amount to anything. But either way,
For about a decade there, Brazil was the Latin American country that got it right. Under a socialist but apparently reasonable government they kept their
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common
Since its inception, critics of the eurozone have been pointing to its incomplete nature — everyone uses the same money but keeps their own national
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively
The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of
Most talk of currency war focuses on the problems caused by countries devaluing their money. This does indeed cause a lot of problems, especially long-term
David Stockman just published a chart so compelling that he didn’t feel the need to add any commentary. But there are a few things to
As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral
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