More official assault on China

Tomorrow Ben Bernanke, Chairman of the U.S. Federal Reserve, is going to be delivering remarks in Frankfurt about China.  Specifically, the Chairman is going to emphasize that by keeping its currency artificially low China is causing its economy to grow too fast...

Further evidence of the coming China storm

I posted earlier on the blog (see: “Larry Summers get real” post) that I felt it was likely that Obama would focus on foreign policy in the next 15 months in the run up to the Iowa caucuses.  Specifically I said that he would likely focus on China.  This...

Ire of Ireland way overblown

Yesterday saw another decline in worldwide equity markets.  This bias toward selling is supposedly because of continued nervousness about Ireland’s finances.  I discussed recently why I felt those concerns were unwarranted.  I continue to think that they are way...

Rumors of Irish collapse make for a good case study

Yesterday the financial markets experience a big selloff.  Ostensibly this was due to mounting fears of a collapse of the Irish nation’s financial system and economy.  Apparently the rumors began, interestingly enough, in Germany.  Then the fears spread like...

Well, it’s about time

Way back in October 2008 I stated on this blog that in order for the United States to fully recover from a deep recession – which was still not even acknowledged statistically – three things had to change: 1.  The institutions that led us down the path to...

Sideways financial markets gotcha down?

You might have noticed that the financial markets saw liftoff in the last several months as they powered up to levels not seen since May 2010.  At that time there was that mysterious and massive sell off of equity markets caused by that dufus trader entering too many...