The Clash of Generations
As we sit back and blithely watch Greece's death by debt, it's easy to assume it can never happen here. It can, and it will.
As we sit back and blithely watch Greece's death by debt, it's easy to assume it can never happen here. It can, and it will.
AP | SANDY SHORE | Posted 05.09.2012
-- Gold prices hit the lowest level of the year Wednesday as uncertainty about Europe's political and economic future dominated world financial marke...
Michael Moran | Posted 04.09.2012
Americans must learn not to take their unmatched economic advantages for granted, lest they disappear.
Dean Baker | Posted 03.31.2012
In his State of the Union Address last week, President Obama announced a renewed commitment to manufacturing in the United States. While the commitment to rebuilding the country's manufacturing base is welcome, he unfortunately left the most important item on the list off the agenda. President Obama failed to commit himself to restoring the competitiveness of dollar as part of his agenda for bringing back manufacturing jobs. The value of the dollar really has to be front and central in any effort to restore U.S. competitiveness since it is by far the most important factor determining the relative cost of U.S. goods compared with goods produced elsewhere.
Michael Pento | Posted 03.21.2012
While it is true that the purchasing power of the dollar is a key metric to judge the direction of gold prices, the Dollar Index will only tell you what the dollar is doing against a basket of 6 other flawed fiat currencies.
Daniel Wagner | Posted 10.24.2011
The dollar's hegemony has become increasingly fiscally and monetarily unsustainable to the U.S. itself, and will come to an end either by a forceful market correction or a gradual reconstruction of global reserve currency system.
Janet Tavakoli | Posted 10.22.2011
Long term investors should consider buying commodities or companies that own physical commodities. We're running out of key commodities especially related to agriculture and fertilizer. Washington's brand of the latter isn't the type we need.
Ian Fletcher | Posted 10.19.2011
The dollar needs to be dispassionately evaluated for the costs and benefits of any particular price it bears, not misunderstood as a totem of national vitality.
AP | By MARI YAMAGUCHI | Posted 10.15.2011
TOKYO -- Japan's economy contracted for a third straight quarter as consumer spending and factory production continued to suffer in the aftermath of t...
HuffingtonPost.com | Joshua Hersh | Posted 09.26.2011
WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...
Dean Baker | Posted 09.10.2011
The Washington press corps is living some bizarre delusion about the balanced budgets at the end of the Clinton years. They didn't come about from politicians making tough choices. They came about from much stronger than expected economic growth.
The Huffington Post/AOL Small Business | Jennifer Hill | Posted 08.22.2011
Are we headed for a double-dip recession? It's a question on a lot of people's minds these days -- and a topic my fellow members of the AOL Small Busi...
AP | By LOUISE NORDSTROM | Posted 08.22.2011
STOCKHOLM -- Swedish fashion retailer Hennes & Mauritz AB on Wednesday blamed higher procurement costs as well as campaigns and special offers for an ...
AP | Posted 11.15.2011
NEW YORK — An online action figure company has jumped on the Anthony Weiner sexting scandal bandwagon with a doll of the New York congressman in two...
Alan Schram | Posted 07.30.2011
Gold prices have been rising, and many experts cite demand from the growing economies of China and India as the reason. But that's wrong. Gold is trading higher because of loose monetary policy and the purposeful devaluation of the US dollar.
David Paul | Posted 07.19.2011
The linkage between monetary policy and oil prices raises questions for how a consistent domestic energy policy can be implemented if critical energy market price signals are distorted by linkages with monetary policy.
Gemma Godfrey | Posted 07.13.2011
The classic safe-haven investment has seen a strong uptrend in value since the autumn of 2008. Various factors have been credited as drivers of this move, but what is the risk gold could lose its luster?
Rick Sanchez | Posted 07.06.2011
For an entity that wields so much power, we know relatively little about the Fed. Would you trust an unknown banker to decide what happens with your paycheck every week? Why do we accept this for our country?
Posted 06.21.2011
LONDON (Jessica Mortimer) - The dollar hit a three-year low against a basket of currencies on Thursday as strong corporate earnings buoyed risk ap...
Posted 06.08.2011
NEW YORK (Frank Tang) - Gold rose to a record high for a fourth straight day and silver surged on Friday, as a weaker dollar, the prospect of a U.S....
AP | Posted 05.25.2011
WASHINGTON — The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. ...
HuffingtonPost.com | William Alden | Posted 05.25.2011
UPDATE 8:00 AM: The yen fell against the dollar Friday, as the currency intervention announced Thursday night began, Reuters reports. Japan's central...
Otaviano Canuto | Posted 05.25.2011
Is the U.S. dollar really doomed? Many voices are now proclaiming the eventual demise of the dollar. But not so fast -- there is room for more than one international currency.
AP | Posted 05.25.2011
NEW YORK — The dollar dropped to a record low against the yen late Wednesday as Japan's nuclear crisis deepened. Debt woes in Europe, tension in...
Robert Lenzner | Posted 05.25.2011
Higher oil prices trumped the lower unemployment figures today. Violence in Libya trumps signs of economic recovery; 8.9% unemployment and a 3.1% gain in factory orders.
Laurence J. Kotlikoff | Posted 05.25.2012