Relevant and even prescient commentary on news, politics and the economy.

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Money Illusion at the National Review

…expansion will lead to faster growth for our trading partners. Whether faster U.S. monetary growth leads to an increase or a decrease in foreign aggregate demand growth depends on the…

Yuan Revaluation

…its peg for the sake of the multilateral trading and global monetary system inside the IMF. The US is not the only country with a beef with China: this is…

Valuing Employee Stock Options for Cisco Systems

Cisco Systems plans to create a market instrument that would parallel employee stock options. ESORS, which is short for employee stock option reference securities would have trading restrictions such that…

Interest in China’s Exchange Rate

…Renmimbi exchange rate to make headlines suggests that a lot of people not directly involved in currency trading are very, very interested in what happens in that particular market… Kash…

Japan’s Deflation…

…Mr Nakajima cited continued strong growth in China, Japan’s biggest trading partner, and near-record corporate profits as reasons to be hopeful. Risks came from continued high oil and raw materials…

Higher and Higher…

…discount to the later delivery dates. Crude for April delivery settled at $56.40, down 6 cents, after trading at a record $57.60 a barrel. May crude closed at $56.91, June…

Social Security and the Economics of Bill Thomas

…I can understand shifting from income taxes to sales taxes to induce more saving, that is, trading off current consumption for future consumption. But how does increasing sales taxes to…

Does Lou Dobbs Consider Trade with China “Idiotic”?

On his Monday version of China bashing, Lou Dobbs interviewed Tim Ryan, a member of the Congressional Manufacturing Caucus. Lou twice said that trading with China represented “idiotic policies”. Trade…

Treas. Sec. Snow on Why Export Demand is Weak

…States cannot continue to be the prime mover of the global economy. “We are growing faster than our trading partners and we are creating more disposable income than they are,”…