Wednesday, 23 July 2014

Monthly Archives November 2010

“The Dance of the Dollar” – Steve Hanke

Posted by Tom Duncan
November 30, 2010

“The dance of the dollar counts — and it counts a lot. With few exceptions, when the dollar weakens against the euro, commodity prices soar, and when the dollar soars against the euro, commodity prices plunge. Every commodity trader knows the importance of the dance of the dollar. Indeed, commodity traders know that, when the […]

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“Public Still Feels Inflation’s Pinch” – WSJ

Posted by Tom Duncan
November 29, 2010

“Of course, the inflation any individual faces almost surely differs from the government’s aggregate data. Outside of housing, middle-income consumers have experienced more inflation than other income groups over the past year, in part because they devote a relatively large share of their budget to energy and transportation. For the year ended in October, prices […]

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“Fed’s Move Doesn’t Impress Top CEO’s”

Posted by Tom Duncan
November 29, 2010

“The sudden increase in capital investments would create jobs and encourage economic growth, which would then make it possible to weather the interest rate hikes the Fed would inevitably adopt to keep inflation from getting out of hand. That’s the theory, but not many companies are buying it. I talked to a few chief executives […]

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“The Triumphant Return of Hayek” – Newsweek

Posted by Tom Duncan
November 29, 2010

“Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in […]

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“China, Russia quit dollar”

Posted by Tom Duncan
November 26, 2010

“China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to […]

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“Here’s Why the Fed Plan Is Failing: We’re All Austrians Now” – CNBC

Posted by Tom Duncan
November 24, 2010

“We may all be Austrians now. Not since the New Deal has Austrian economics enjoyed the political popularity it does now. Austrian economists are awfully popular with the Republican Party, especially its Tea Party wing. Peter Schiff, the Austrian economics-inflected investment advisor, is a very popular guest on business television. Tom Woods’ book “Meltdown”—which provided […]

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The Fed: Defending the Indefensible

Posted by Tom Duncan
November 24, 2010

“Although the credibility of the Fed has been questioned for years in some quarters, the first major crack in the wall took place in May, 2009, when Elizabeth Coleman, inspector general of the Federal Reserve, was directly and repeatedly questioned about the Fed’s actions by Rep. Alan Grayson (D-Fla.). Coleman’s inability to articulate any kind […]

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