US dollar

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 …

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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. …

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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 …

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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 …

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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 …

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