Tags » Currency Manipulation

Im-Politic: Where Obama's Right - But not Consistent - on Executive Amnesty

Despite my strong opposition to Executive Amnesty, I do find one of President Obama’s arguments on its behalf politically – though not legally – convincing. The House Republican leadership’s refusal to allow a vote on the Senate immigration bill has indeed been inexcusable. 575 more words


The Economist explains: How does Bitcoin work? | The Economist

BITCOIN, the world’s “first decentralised digital currency”, was launched in 2009 by a mysterious person or persons known only by the pseudonym Satoshi Nakamoto. It has been in the news this week as the value of an individual Bitcoin, which was just $20 at the beginning of February, hit record highs above $250, before falling abruptly to below $150 on April 11th. 19 more words

Citigroup's $600M about-face

Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses.

The global banking giant said the increase resulted from “rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters.” 194 more words


Im-Politic: A Profile in Campaign Outsourcing Posturing, Not Courage

The Washington Post‘s E.J. Dionne was right as rain when he wrote in his latest column that “What’s not being widely talked about is as important as what’s in the news.” Only he should have added that, at least when it comes to the “outsourcing of American jobs,” office-seekers still aren’t talking about the issues seriously. 503 more words


Currency Wars: The Next Generation

I saw an interesting news story on the Bloomberg website today. The title sums it up pretty well. “Currency Wars Evolve With Goal of Avoiding Deflation.” Just as… 1,528 more words


Can We All Export Our Way out of Depression?

Tyler Cowen has a post chastising Keynesians for scolding Germany for advising their Euro counterparts to adopt the virtuous German example of increasing their international competitiveness so that they can increase their exports, thereby increasing GDP and employment. 1,338 more words

Scott Sumner

(What's Left of) Our Economy: China Could Soon Follow the Trade Growth Recipe U.S. Urgently Needs

For a long time, I’ve joined with many others in arguing that reducing the U.S. trade deficit is the nation’s best option for strengthening the still historically feeble economic recovery. 397 more words

{What's Left Of) Our Economy