The Fed’s Vice Chairman warns about us about the strong dollar

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 … Continue reading The Fed’s Vice Chairman warns about us about the strong dollar

A Chinese general sees a ruthless America striving to contain his nation’s growth

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. … Continue reading A Chinese general sees a ruthless America striving to contain his nation’s growth

A Chinese general judges America’s leadership of the world economy

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 … Continue reading A Chinese general judges America’s leadership of the world economy

Bernanke leads us down the hole to wonderland! (more about QE2)

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 … Continue reading Bernanke leads us down the hole to wonderland! (more about QE2)

We’re still blinded by our fetters of the mind and so unable to fix the economic crisis

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 … Continue reading We’re still blinded by our fetters of the mind and so unable to fix the economic crisis