The four-letter word in the economy today is debt. Debt lies at the heart of the Fitch Negative Credit Watch and pretty much every other challenge that is going on in the developed world today.
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The U.S. is facing a global crisis of confidence. We may not see a sudden flight of capital from the United States, but we are increasing the odds that we will see a sudden fall in the dollar.
The reliance upon the U.S. dollar as the world's reserve currency and "safe haven" asset has created a perverse, but deeply entrenched, mindset among global investors.
Like the U.S. dollar -- which, despite the global frustration with American economic policy, overconsumption and underinvestment -- Chinese mooncakes, or the idea of them, are in huge demand.
Editor's Note: This post has been removed from the Huffington Post....
The fact that an agreement was found is a tribute to the capability of Europeans to compromise. But their agreement compromises the status of the Euro as a reserve currency.
With efforts to rebrand America's national identity in the electronic media falling flat like a bad online date, taking away the dollar's too big to fail status might be the better wake up call.
The dollar will not be allowed to collapse. Instead its decline will be managed. This will include violent corrections that will savage any dollar bear who is trying to make a quick buck.
According to a trio of incisive trackers of the economic and investment scene, there are several ticking fiscal time bombs -- inconspicuous, and so far ignored -- that are waiting to explode.
China's central bank reiterated its call for the creation of a new international currency that could replace currencies such as the dollar in countrie...
In a G2 world (the US and China), he who is the piper calls the tune and China holds a US$2-trillion mortgage on the U.S. and is not happy.
So much for that fresh start.
Barely 24 hours after announcing that Russia and the United States would cooperate on a host of long-simmering issues, ...
BEIJING — China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world econ...
As was the case with the now hobbled U.S. banking system, the dollar's fortunes have long depended on the confidence of others.
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