…An expectation of 3% real growth is higher than the market had expected. Currency appreciates; exports become more expensive to buyers, who buy fewer. Imports become less expensive, relatively. dNX…

…godsend for America’s superrich, who own the vast majority of financial assets – stocks, bonds, currency and commodities. Persistent unemployment and weak unions have changed the American workforce into a…

…recession. Barring permanent fiscal transfers, they need a currency devaluation in order to gain any sort of competitiveness back. READ MORE AFTER THE JUMP! According to the Surveillance of Intra-Euro-Area…

…financial obligations. Deficit spending is normal for a great industrial nation with a managed currency, and it has been our normal economic condition throughout the past century. History proves, and…

…of HICP inflation (the ECB’s target inflation index, which is a consistent measure of inflation across the 17-member currency union). I calculate the diffusion index to measure the breadth of…

…is a small nation that has to borrow in a currency it cannot control. The United States is a large nation that pays up in a money it can print….

…for inflation as well currency differences. 5. If you want to compare growth rates of anything, be consistent with your starting and ending points. 6. If you want to compare…

…If I am taking money out of an ATM in a country with a different currency from my bank account, I am forcing some computer somewhere to multiply two numbers….

…Dollar to pursue their own mercantilist interests. This should have been more obvious at the time given that China was last named a currency manipulator was 1994, but the immensity…

…been the strongest channel through which Fed policy has worked. The weak-dollar channel: the Fed prints money, thereby debasing the currency relative to global trading partners. The technicalities of a…