Stanley Fischer (Vice Chairman of the Fed) gave us a warning in a speech on Nov 12. He’s someone we should list to. He reported that since July 2014 the US dollar has risen aprox 15% vs the currencies of our major trading partners, a “large, though not unprecedented” move. The Fed’s econometric model show …
The Fed’s Vice Chairman warns about us about the strong dollar Read More »
Summary: This series of posts provides excerpts from a recent speech by Qiao Liang, a Major General in the People’s Liberation Army. These give a glimpse into the thinking of China’s elites, unlike the US-centric perspective provided by our news media. In part 3 he gives his big picture view of the decade’s global geopolitics. …
A Chinese general sees a ruthless America striving to contain his nation’s growth Read More »
Summary: This series of posts provides excerpts from a recent speech by Qiao Liang, a Major General in the People’s Liberation Army. They give a glimpse into the thinking of China’s elites, unlike the US-centric perspective provided by our news media. Here the General looks at America’s leadership of the world economy, and its effects …
A Chinese general judges America’s leadership of the world economy Read More »
Summary: Historians will laugh at our response to QE, for the reasons discussed here. We’re enjoying our days in Wonderland. We may find the hangover less entertaining. This is a follow-up to Important things to know about QE2 (forewarned is forearmed). Links to more information appear at the end. Our response to the Federal Reserve’s latest monetary …
Bernanke leads us down the hole to wonderland! (more about QE2) Read More »
Summary:  As we approach the 3 year birthday for this recession it becomes desperately clear that our leaders understand neither what’s happening nor how to fix it. A host of quacks have come forth with facile analysis and often painful cures.  The same situation often prevailed in 19th century, when immature medical theory allowed quacks to …
