U.S. Rally or World Collapse?
8/27/2008
Following on yesterday's news, is the spectacular rise in the dollar due to super-competitive US conditions or a malise in the rest of the world?
China Accumulates Dollars Again
8/26/2008
The Chinese have ordered their banks to accumulate enhanced reserves in dollars. This has helped the dollar rally but do the Chinese have their own reasons?
Inflating Debt Away
8/23/2008
Adam Smith observed that governments repudiate debt rather than pay it once it becomes unmanageable. Here's one opinion that suggests the U.S. has begun that process.
|