A Stock Market Held Hostage by the Dollar
In today's artificial and perverse global economy the best short term medicine for the ailing markets would be a weakening U.S. currency
In today's artificial and perverse global economy the best short term medicine for the ailing markets would be a weakening U.S. currency
Max Fraad Wolff | Posted 09.22.2008 | Business
Are we rallying based on the idea that strings attached help and that heavy regulation will triumph over global recession and a public no better able to pay its bills?
Max Keiser | Posted 07.19.2008 | Business
Starbucks is the first, but not the last example of how a falling dollar will make most items that Americans over consume too expensive for Americans to buy with their crumbling currency.
Jeff Goode | Posted 07.16.2008 | Home
After the results of President George W. Bush's "market force" plan hits it's mark will he also brag about the result of getting people to cut back on food? And, at the end of his reign, Bush's delusional thinking will probably even let him claim victory.
MSNBC | Posted 05.20.2008 | Business
No, that's not a mirage. The economy is faltering, the dollar is getting clobbered by the euro, and traveling to the far reaches of luxury is costlier...
Hale "Bonddad" Stewart | Posted 03.18.2008 | Business
The central problems started with the "supply-side revolution," and the policy of borrowing instead of growing is finally catching up with the great debtor that is the US.
David McWilliams | Posted 03.06.2008 | Business
The dollar's fall is part of the gradual debasement of the US currency as the US government tries to fool its own people about the long-term decline of the United States.
Martin Varsavsky | Posted 03.01.2008 | Business
If trends continue the talk will not be about petrodollars anymore but about peso dollars and how the US joined the rest of Latin America as a nation unable to rise above its financial troubles.
Financial Times | George Soros | Posted 01.25.2008 | Business
The current financial crisis was precipitated by a bubble in the US housing market. In some ways it resembles other crises that have occurred since th...
Martin Varsavsky | Posted 01.11.2008 | Business
In Argentina, cash really is king as the other forms of payment are practically non-existent. So as the world goes into a US-originated credit crunch, Argentina finds itself in a unique position.
Bloomberg | Min Zeng | Posted 12.28.2007 | Business
The dollar fell for a sixth day against the euro as slowing economic growth and concern that turmoil in Pakistan will intensify made U.S. assets less ...
Dan Solin | Posted 12.25.2007 | Business
"Investment professionals" who tell you that index funds are not more tax efficient than actively managed funds are either woefully ignorant of the facts or are deliberately misleading you.
New York Times | KATE HAMMER, JULIA WERDIGIER | Posted 12.16.2007 | Business
Margaret Dragonette arrived in New York last week -- three nieces, a cousin and loads of empty luggage in tow. By the time Ms. Dragonette, an administ...
Money | Walter Updegrave | Posted 12.05.2007 | Business
Question: I know I can protect my portfolio against inflation by investing in TIPs and against market volatility by diversifying my investments. But h...
AP | SEBASTIAN ABBOT | Posted 11.18.2007 | Business
Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other ...
New York Times | David Leonhardt | Posted 11.14.2007 | Business
Until yesterday's rally on Wall Street, the news on the business pages has sounded pretty grim lately. Stocks are still down 6 percent from their peak...
Byron Williams | Posted 11.11.2007 | Business
The combined increase in gas prices along with home heating cost this winter translate to a tightening of consumer budgets--canceling out the good economic news regarding jobs and wages.
Mark Weisbrot | Posted 11.08.2007 | Business
Because of many years of overvaluation we have run up an enormous trade deficit, borrowing from the rest of the world at an unsustainable pace. This borrowing will have to slow, and the way this will happen is through an adjustment in the dollar.
BusinessWeek | Ben Steverman | Posted 11.08.2007 | Business
But in the complex world of currency markets, things are not always as they appear. While a dollar in the dumps might look like a stain on U.S. pride ...
Martin Varsavsky | Posted 11.02.2007 | Business
The good news for the depressed dollar is that the Bush era is coming to an end.
Ian Welsh | Posted 11.01.2007 | Business
As a Canadian it looks like I'm going to have to rewrite my own contracts with US customers so I don't lose even more money to this.
Bob Harris | Posted 10.29.2007 | Business
It may not be long before the Canadian dollar is joined by the Australian dollar in passing parity in its U.S. exchange rate.
Reuters | Janet McBride and Jane Merriman | Posted 10.26.2007 | Business
Oil rallied to a fresh record high above $92 a barrel on Friday as the dollar tumbled to a record low, Washington imposed new sanctions on Iran and gu...
Jonathan Tasini | Posted 10.12.2007 | Politics
The Wall Street Journal has an interview today with George Bush that gives great insight into the disinformation, lies and, charitably, cognitive d...
Tina Fey graces the cover of the January issue of Vanity Fair, and in an...
Via ThinkProgress, in an interview with NewsMax, President Bush's brother Jeb...
President Bush let it all out today during an interview with ABC News' Charlie...
Governor Palin Neglects Alaska Duties for Partisan Stumping on Campaign Trail...
The following is Part I of Sean Penn's piece, Mountain of Snakes (Read Part II here) The
Last week, Black Friday heralded the unofficial kickoff of the 2008 winter holiday...
Reuters has a Q&A with John Travolta to promote his animated film "Bolt." At the end, they ask him...
President-elect Barack Obama announced Monday that Robert Gates would remain as...
After a 12-day hiatus, Sarah Palin stepped back into the spotlight on Monday to...
NEW YORK — Rush Limbaugh has seldom been a fan of...
WASHINGTON — The Bush administration backed off proposed crackdowns...
CHICAGO — Almost one in five young American adults has a personality disorder that interferes...
Dear President-elect and Mrs. Obama: I know that the greening of the White House...
Michael Pento | Posted 11.17.2008 | Business