Daily Telegraph (1); Telegraph Blogs (2).
Sat 2010-07-24 16:14 EDT
Not since Ken Rogoff's famous attack on Joe Stiglitz has the dismal science of economics provoked such pompous, self-important, personalised squabbling. Professors Paul Krugman and Niall Ferguson, of course, have form; they've been at it on and off for nearly a year now over the efficacy of deficit spending in fighting the downturn, and today they return to the fray...
Wed 2009-12-16 15:38 EST
The Arab states of the Gulf region have agreed to launch a single currency modelled on the euro, hoping to blaze a trail towards a pan-Arab monetary union swelling to the ancient borders of the Ummayad Caliphate...``The US dollar has failed. We need to delink,'' said Nahed Taher, chief executive of Bahrain's Gulf One Investment Bank.
dollar hegemony; Gulf petro-powers; latest threat; launching currency; Telegraph.
Tue 2009-09-22 08:39 EDT
The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC..."The dollar looks awfully like sterling after the First World War," said David Bloom, the bank's currency chief.
Thu 2009-09-17 10:31 EDT
China has issued what amounts to the ``Beijing Put'' on gold. Former Vice-Chairman of the Communist Party's Standing Committee Cheng Siwei: China has fundamentally lost confidence in the US dollar and is going to shift to a partial gold standard through reserve accumulation. [dollar losing reserve status]
Credit Writedowns Tue 2009-09-08 15:10 EDT
According to an account published in the Daily Telegraph by Ambrose Evans-Pritchard, the Chinese government is quite anxious about money printing in the United States and the effect this printing could have on China's dollar denominated reserve assets. Dollar losing reserve status; Chinese buying gold.
Tue 2009-06-16 00:00 EDT
by Ambrose Evans-Pritchard; Beijing is trying to extricate itself from dollar dependency as fast as it can; dollar losing reserve status
