Sun 2010-10-10 11:56 EDT

The Federal Reserve's Relevance Test - Project Syndicate

Joseph E. Stiglitz

...as investors look outside the US for higher yield, the flood of money out of the dollar has bid up exchange rates in emerging markets around the world. Emerging markets know this, and are upset -- Brazil has vehemently expressed its concerns -- not only about the increased value of their currency, but that the influx of money risks fueling asset bubbles or triggering inflation. The normal response of emerging-market central banks to bubbles or inflation would be to raise interest rates -- thereby increasing their currencies' value still more. US policy is thus delivering a double whammy on competitive devaluation -- weakening the dollar and forcing competitors to strengthen their currencies...

Federal Reserve's Relevance Test; Project Syndicate.

Fri 2009-10-23 08:36 EDT

Wake Up Washington! China Is Already Dumping the Dollar Niall Ferguson Says: Tech Ticker, Yahoo! Finance

Harvard Professor Niall Ferguson says Washington D.C. is too complacent about China's ability to wean itself off the dollar...China's "current strategy is to diversify out of dollars and into commodities," Ferguson says. Furthermore, China's recent pact with Brazil to conduct trade in their local currencies is a "sign of the times." [dollar losing reserve currency status]

China; Dollar-Niall-Ferguson-Says; Dump; finance; Tech Ticker; wake; WASHINGTON; Yahoo.

Wed 2009-10-14 12:36 EDT

Gore Vidal's United States of fury - Americas, World - The Independent

Johann Hari

...Yet now, he says, it is clear the American experiment has been "a failure". It was all for nothing. Soon the country will be ranked "somewhere between Brazil and Argentina, where it belongs." The Empire will collapse militarily in Afghanistan; the nation will collapse internally when Obama is broken "by the madhouse" and the Chinese call in the country's debts. A ruined United States will then be "the Yellow Man's Burden", and "they'll have us running the coolie cars, or whatever it is they have in the way of transport".

America; fury; Gore Vidal's United States; Independent; world.

Wed 2009-06-10 00:00 EDT

Terms of Service

Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves - Bloomberg.com; dollar losing reserve status

services; term.

Sun 2008-08-24 00:00 EDT

The return of global inflation

by Martin Hutchinson (Prudent Bear); "Almost all the world has abandoned proper anti-inflationary discipline and is destined to suffer a period of high inflation and recession in the coming years...Only a few countries like Brazil have taken the inflationary threat sufficiently seriously and will thus be in a position to continue expanding even while the rest of the world endures recession"

global inflation; returns.