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"?
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.
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...
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.
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.
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...
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.
WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...
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.
SINGAPORE -- Oil prices rose to near $100 a barrel Monday in Asia, bouncing back from last week's plunge, as a weaker U.S. dollar made commodities les...
BEIJING (Reuters) - Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese gove...
It is sometimes suggested that our trade problems (job losses, international indebtedness) will go away on their own once currency values adjust. Bott...
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...
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.
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.
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 ...
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It's hard not to enjoy a trip to Rhodes with its plentiful sun, historical sites, diverse cultural offerings, natural beauty, fun ...