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US Dollar

The Strong Dollar & Your Great Escape: Why Now is the Best Time To Travel for Americans

Collette Stohler | Posted 01.25.2016 | Travel
Collette Stohler

6 months ago, I sold my car, quit my jobs, rented my Los Angeles home, and set out for a trip around the world, planning to live solely off of my savi...

Bubble 2.1: The Interim Report

Oliver Leung | Posted 09.23.2015 | Business
Oliver Leung

Last May, I mused on the possibility of a tech bubble and projected that the NASDAQ would plateau for the remainder of 2015. Midway through these expectations, let's calibrate my crystal ball...

Has Paper Money Outlived Its Purpose?

Stephen G. Cecchetti | Posted 11.02.2014 | Money
Stephen G. Cecchetti

Serious people have been suggesting that we think hard about eliminating paper currency. Paper money facilitates criminality and creates the zero lower bound (ZLB) for nominal interest rates. So, why not just get rid of it and replace it with electronic money?

Rhetoric of Colombian Currency

Felipe Ángel | Posted 07.30.2014 | Politics
Felipe Ángel

Susceptibility to foreign shocks would be an adequate phrase to describe the Colombian peso's behavior against the U.S. dollar over the past months.

Playing With Fire

Michael Farr | Posted 02.02.2014 | Business
Michael Farr

As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).

What if Nobody Came to the Government Shutdown?

D. Sidney Potter | Posted 10.29.2013 | Business
D. Sidney Potter

Without the confidence that consumers can enter loan transactions without a substantially amount of risk, then both lender and consumer will become like two left footed dance partners caught in an awkward embrace.

De-crowning the Dollar

Michael Pento | Posted 01.23.2014 | Business
Michael Pento

The gradual erosion of the U.S. dollar's status as the world's reserve currency has been greatly hastened of late. This is due not only to the perpetual gridlock in D.C., but also our government's inability to articulate a strategy to deal with the reported $126 trillion of unfunded liabilities.

Dollar Status in Doubt After Washington Antics

Janet Tavakoli | Posted 01.23.2014 | Business
Janet Tavakoli

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.

We Could Stare At These Defaced Bills All Day

The Huffington Post | Posted 10.11.2013 | Business

Tired of all this government shutdown and debt ceiling talk? Need a reason to smile about money again? We're here to give you that, along with some of...

Getting Rid of the Dollar Bill Is a Bad Idea

Eli Lehrer | Posted 09.28.2013 | Business
Eli Lehrer

The idea of a dollar coin is a loser in the U.S. There are plenty of ways Congress can act to save money. Making Americans give up the greenback shouldn't be one of them.

$1,000 Bill Sets New World Record At Auction

The Huffington Post | Ryan Grenoble | Posted 04.30.2013 | Business

Good day: cashing in on a $1,000 note. Great day: cashing in a $1,000 note for $2.5 million. That's how much a $1,000 United States Treasury note f...

Rethinking Money: How Different Types of Money Will Stabilize the Economy

Jacqui Dunne and Bernard Lietaer | Posted 04.08.2013 | Business
Jacqui Dunne and Bernard Lietaer

A quiet revolution is happening that has, for the most part, gone under-reported.

To Those Seized by Debt Fear: China Holds Just 10 Percent, Down From 2 Years Ago

Paul Abrams | Posted 12.19.2012 | Politics
Paul Abrams

How many times do we hear the forces of doom--primarily from the right wing that wants to end just about everything government does that can help the American people--that we cannot going on "borrowing from China"?

Déjà Vu: When Money Dies

Janet Tavakoli | Posted 12.04.2012 | Business
Janet Tavakoli

What happens when a country's currency is in freefall? You need look no further than current turmoil in Iran to find out.

The Fed Is Pushing on a String

Jeffrey Rubin | Posted 11.20.2012 | Business
Jeffrey Rubin

No matter how hard the Fed pushes, the U.S. economy isn't going to respond to yet another round of quantitative easing. There is, however, at least one price that another round of quantitative easing is bound to send higher -- the cost of oil.

10 Cool Facts About Cash

The Huffington Post | Khadeeja Safdar | Posted 08.17.2012 | Money

Here in the United States, money talks. The well-traveled, green bank notes criss-cross the country, often carrying tales of previous owners as well a...

The Real Value of the Dollar and Gold

Michael Pento | Posted 03.21.2012 | Business
Michael Pento

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.

Clear and Present Danger

Janet Tavakoli | Posted 11.17.2013 | Business
Janet Tavakoli

Foreign borrowings of the U.S. represent a clear and present danger to the dollar and to the financial system. Potential dumping of U.S. dollars would start a run on the currency and a financial panic that would tip our already precarious economy into a deep depression.

Krugman: U.S. Should Hold China Accountable For Undervaluing Currency

The New York Times | Paul Krugman | Posted 12.03.2011 | Business

The dire state of the world economy reflects destructive actions on the part of many players. Still, the fact that so many have behaved badly shouldn...

Connecting the Dots -- Deficit Reduction Is Now Only About Inflation, Not Insolvency

Warren Mosler | Posted 10.11.2011 | Business
Warren Mosler

There is no such thing as the US becoming the next Greece. There is no such thing as the US getting cut off from spending by the financial markets and forced to go begging to the IMF to get US dollars to spend.

U.S. Dollar Hits Record Low Against Swiss Franc

AP | Posted 10.08.2011 | Business

GENEVA -- The U.S. dollar has hit a record low against the Swiss franc of 0.7485 centimes to the dollar – a drop of almost 30 percent from a yea...

U.S. Dollar Falls Broadly On Signs Of Sharp Economic Slowdown

AP | Posted 09.28.2011 | Business

NEW YORK — The dollar fell broadly Friday on signs of a sharp slowdown in U.S. economic growth and the increasing possibility of a debt default ...

Joshua Hersh

China: U.S. Debt Crisis Is Giving Democracy A Bad Name | Joshua Hersh | Posted 09.26.2011 | World

WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...

Modern Monetary Theory: The Last Progressive Left Standing

Warren Mosler | Posted 08.13.2011 | Business
Warren Mosler

The headline progressives are in full retreat. They have found out the hard way that their bleeding heart pleadings -- 'yes, the financial markets might destroy us, but how can we cut this or that worthy cause' -- don't cut it.

Fed Prepares For Life After Quantitative Easing

Posted 08.10.2011 | Business

NEW YORK- (Burton Frierson, Richard Leong and Chris Reese) - The flood of Federal Reserve money that has supported Wall Street and the rest of the...