The de facto Depression underway worldwide will trigger consolidations. Strong will eat weak; cash-rich will eat debt-laden and consumer spending will shrink along with economies.
Adam Lerrick, an economics professor at Carnegie Mellon, heavily criticized Obama's economic policy and tax plan, claiming "The economic tides will not stand while Washington experiments with European-type social democracy."
In the globalized world, commercial success is created by government policies, and the U.S. government refuses to compete. Our high standard of living has become a "comparative disadvantage."
So much for the $700 billion bailout of Wall Street. Clearly, once the bailout passed, investors took a good look at the real economy and went to the mattresses. We're headed into a great reckoning.
Nobody is against trade. Nobody. Though "free" traders say that anyone opposing their agenda is "anti-trade" that's just not true...at all. Fair traders are for vigorous trade, just with a different set of rules.
Breaking: As Colombian President Alvaro Uribe arrives in Washington D.C. on September 19, his government continues to sink amidst the weight of the "...
Heavy on the inside jokes and edgy interpretations of finance-related news, must-read trader blog Dealbreaker quotes an "insider" on their opinion of ...
Bill O'Reilly talks about "The War on Christmas," and while that concept has been widely lambasted I'm here today to sound a different alarm -- that there is truly a War on Labor Day.
Though it has received scant press here, the Colombian media recently and enthusiastically reported that Jimmy Carter, after allegedly "resolving his...
Chevron has been lobbying the U.S. government to pressure Ecuador to intervene the dispute between Chevron and 30,000 Amazon jungle dwellers suing the company for environmental damages.
I've been given a copy of the most recent draft of the Democratic Party's platform. I'm told that this is getting close to the end. There is good stuff and bad stuff. Here are the highlights.
The alleged upside of the deal for developing countries -- increased access to rich country markets -- would have been of tiny benefit, even according to the World Bank.
If we invest in giving consumers rebates for buying new US-made cars that have drastically improved mileage, that will help the auto manufacturers, help consumers and help our balance of trade.
In enumerating China's many strengths, we tend to downplay, or completely overlook, ours. China can't produce most of the modern goods and services it needs to grow its economy.
To the Chinese, irrespective of past allegiances, the prospect of war has come to be viewed as counterproductive, and they now have the confidence to show it.
McCain's policy ignores the problem with having a campaign run by corporate and foreign lobbyists: they are happy to abandon their lobbying work temporarily to get valuable chits with the potential future president.
Across the world, the revolt against the corporate trade model is growing. In the US, a majority polled in a January 2008 agreed that globalization has been bad. McCain simply doesn't get it.