More official assault on China

Posted by Jason Apollo Voss on Nov 18, 2010 in Blog | 0 comments 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 (read: growing through inflation, rather than real economic growth).  He also complains that by manipulating the value of the yuan that...
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Further evidence of the coming China storm

Posted by Jason Apollo Voss on Nov 18, 2010 in Blog | 0 comments 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 is because so many Americans, left and right, are in alignment in not having a positive view of that nation.  The left hates...
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Ire of Ireland way overblown

Posted by Jason Apollo Voss on Nov 18, 2010 in Blog | 2 comments 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 overblown.  However, once traders, especially momentum folks, get a hold of a story they begin trading what they...
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Rumors of Irish collapse make for a good case study

Posted by Jason Apollo Voss on Nov 17, 2010 in Blog | 0 comments 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 wildfire across the world: “The EU is going to have to bail out another nation.  This is just like Greece!” First, let me...
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Well, it’s about time

Posted by Jason Apollo Voss on Nov 16, 2010 in Blog | 1 comment 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 economic destruction had to change. 2.  The ideas that led to fiscal catastrophe had to be re-thought.  And… 3.  The people...
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Sideways financial markets gotcha down?

Posted by Jason Apollo Voss on Nov 16, 2010 in Blog | 1 comment 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 zeroes.  While the causes of that event were still being explored the Greek debt crisis unfolded.  Then we spent nearly six months...
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Get real Larry Summers

Posted by Jason Apollo Voss on Nov 16, 2010 in Blog | 1 comment Yesterday Larry Summers, Director of the White House National Economic Council, said that China would be the “central American challenge going forward” with regard to the future of the U.S. economy.  Get real! First of all, the central challenge of any economy at any time is to create real economic growth.  That is, economies succeed or fail based on their ability to create...
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