iOS app Android app

US Dollar

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 U.S...

Fears Of Downward Spiral Renewed By Declining U.S. Dollar

Posted 07.04.2011 | Business

(Mike Dolan) - Years of angst about a self-feeding downward spiral of the U.S. dollar and Treasury bond prices were swept aside when the credit crisis...

Top Chinese Economist Blasts U.S. Dollar's World Dominance

Posted 05.30.2011 | Business

BEIJING (Reuters) - Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese govern...

Currency Revaluation Won't Fix America's Trade Mess

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is sometimes suggested that our trade problems (job losses, international indebtedness) will go away on their own once currency values adjust. Bott...

Taps for the Dollar

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It now appears that the United States has finally succeeded in its efforts to destroy confidence in the U.S. dollar. Certainly this was no easy task.

Top Chinese Exec: We Have Little Choice But To Buy The U.S. Dollar

Posted 05.25.2011 | Business

BEIJING: China should not worry about being too heavily invested in the dollar and U.S. government debt, because its dependence is not unique in a wor...

The Chinese Yuan vs. the Power of the Dollar

Daniel Wagner | Posted 05.25.2011 | Business
Daniel Wagner

In the absence of any realistic alternative to replace the supremacy of the dollar, it is likely to remain the dominant global currency for many years to come. No other currency is more widely accepted or used.

Volcker Says U.S. Economic and Political Influence Globally Is Waning

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Last night at a Common Cause dinner in New York, Paul Volcker singled out the danger facing the U.S. if the dollar no longer retains its role as a global benchmark.

End of the Line for Redistribution and Monetary Policy?

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Over the last few decades, several trends have shaped economic flows and returns. In the developed world, we have seen a historically rare and nearly ...

Rhodes Beckons Sun/Sea Lovers, History Buffs, Nature Fans

Magda Abu-Fadil | Posted 05.25.2011 | Travel
Magda Abu-Fadil

*SEE PHOTOS BELOW* It's hard not to enjoy a trip to Rhodes with its plentiful sun, historical sites, diverse cultural offerings, natural beauty, fun ...

Mexico Launches HUGE Money Laundering Crackdown, Cuts Dollar Deposits

Bloomberg | Andres Martinez | Posted 05.25.2011 | Business

Mexican companies reduced dollar cash deposits by 75 percent since President Felipe Calderon in September restricted some currency exchanges to fight ...

How the Dollar and the Deficit Threaten Savings Accounts

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

Rising interest rates might sound good to people with savings accounts and money market accounts, but if it comes at the expense of runaway inflation and a crippled economy, nobody wins.

Quantitative Easing Is Just Devaluation

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

As the Federal Reserve Board gets ready for yet another round of quantitative easing (i.e. printing more money), one may well ask: why? If previous qu...

The Other Face of Hamburg (PHOTOS)

Magda Abu-Fadil | Posted 05.25.2011 | Travel
Magda Abu-Fadil

*SEE PHOTOS BELOW* What comes to mind when someone mentions Hamburg? A port city in the cold northern reaches of Germany with ubiquitous sex shops a...

What Happened to the Middle Class?

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

The U.S. middle class's path of success ended precisely when the gold standard currency system was replaced by the floating-currency system in 1971. Prosperity is built on the foundation of a stable currency.

Is China Trading Fair? CAF v. CATO On CNBC

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

America's huge trade imbalance with China is the result of rulebreaking that has created a bubble that is expanding beyond all safe margins. It could lead to another worldwide economic disaster.

U.S. Will Lose a Trade and Currency War With China

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

A trade and currency war with China will have a detrimental effect on both countries, but less so for the Chinese.

Paul Volcker: America Is No Greece, But There Are Lessons To Be Learned From Europe's Debt Crisis

Reuters | Jim Christie | Posted 05.25.2011 | Business

STANFORD, Calif., May 18 (Reuters) - Europe's debt crisis shows the risks for the United States if it does not get its budget deficits under control, ...

Washington Must Ban U.S. Credit Derivatives: Games and Gold (Part 2)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Most traders in U.S. credit default swaps don't think the U.S. will default as long as we have money printing presses, so they are speculating on price movements.

Washington Must Ban U.S. Credit Derivatives as Traders Demand Gold (Part One)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Credit default swaps are not insurance. If you buy fire insurance on your home, you must own the house. If you buy credit protection on the United States, however, you do not need to own U.S. Treasury bonds.

Eurogate -- The New Fannie, Freddie and AIG

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

We enter a new currency melee which gives "Beware the Greeks" new meaning. Greece is only the beginning of a new Euro Plague, whose value will be drubbed by a complete failure to supervise members.

The Next Financial Crisis Has a Name and it's the United Kingdom

Jim Jubak | Posted 05.25.2011 | Business
Jim Jubak

Despite huge bailouts and stimulus spending, it looks like it will be the last developed economy to return to economic growth.

End of the Dollar Dictatorship? Hugo Chavez and Latin Leaders Hope to Bury the Greenback

Nikolas Kozloff | Posted 05.25.2011 | World
Nikolas Kozloff

The Sucre will act as a payment compensation mechanism and allow ALBA nations in Latin America to reconcile accounts when they carry out commercial transactions in local currency.

Please Mr. Geithner, Don't Pass the Buck on the Dollar

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

It looks like the plan the U.S. wants to pursue is to continue to discourage foreign investment, punch our bankers (the Chinese) in the nose, and punish those who are savers by crumbling our currency.