• 00:34

    China and the Dollar Standard

    in Politics

    Ronald McKinnon, the William D. Eberle Professor of International Economic at Stanford University and author of Unloved Dollar Standard: From Bretton Woods to the Rise of China, talks about the benefits that America derives from--and the responsibilities that it has--under the dollar standard. He discusses the harm that U.S. monetary policy has inflicted on emerging countries like China and Brazil, and explains why an appreciation in China's currency would not tilt the U.S.-China trade balance in America's favor.

  • 01:31

    WHO'S YOUR DADDY?

    in Current Events

    This past Friday, Standard and Poor's downgraded the U.S. debt from AAA+ to AA+ with a negative outlook. 
    What makes the situation all the more distressing, is that neither party seems to be interested in dealing with one of the prime contributors to the US slow economy...China.
    "China, after all, maintains predatory policies designed to take advantage of America's open economy. So, for instance, the Chinese central government fixes the value of the renminbi at an artificially low level to stimulate Chinese exports and impede imports.
    It has alos been systematically violating its World Trade Organization obligations, especiallly by blocking imports. The resut of these policies is that China has persistently run large merchandise-trade surpluses against the United States.
    Last year, for instance, that surplus amounted to $273.1 billion, the largest defict the US has ever had with any country."http://news.yahoo.com/obama-cant-word-china-210114302.html
     

  • Weldon LIVE - Discussion of Global Macro-Market Trends

    in Finance

    Join author and global macro-market research-strategist Gregory Thomas Weldon for a lively discussion about the global macro-economic situation, secular trends in finance, Central Banks policies, global trade, inflation, deflation, debt, Gold, Currency and Commodity markets, Interest Rates, Money markets and Sovereign Bonds, global Stock Indexes and Emerging Markets. 

  • Economic growth around the world by Financial Blog Corliss Group

    in Finance

    The World Bank's most recent Global Economic Prospects (GEP) report, released this week, says a global economic recovery is underway, underpinned by strengthening output and demand in high-income countries.


    Global GDP growth in 2014 will be 2.8 percent and it is expected to rise to about 4.2 percent by 2016, according to the report, which the World Bank publishes twice a year.


    Average GDP growth in developing countries has reached 4.8 percent in 2014, faster than in high-income countries but slower than in the boom period before the global financial and economic crisis of 2008.


    Demand side stimulus or supply side reforms?


    The global economic slowdown that struck in 2008 was caused by a financial crisis that resulted in large part from the bursting of an enormous, fraud-ridden mortgage lending bubble in the US.


    The crisis led to varying responses in different countries. The GEP report's authors said that in general, developing countries privileged demand stimulus policies over structural reforms during the past several years.


    For example, in 2008 to 2009, China implemented a four trillion-renminbi ($586 billion) stimulus program as a direct response to the slowdown in global trade caused by the global financial crisis.

  • Financial Blog Corliss Group: Traders profit from RMB arbitrage in Hong Kong

    in Finance

    Speculators who want make a profit by taking advantage of the forex spread difference between the renminbi and other currencies should not think of this as a risk-free practice because currency arbitragers may have incurred huge losses due to the recent sharp dive in the Chinese currency, reports Chinese web portal Tencent QQ.


    Individuals can earn money from foreign exchange arbitrage, buying currency in one financial market and selling it for a profit in another. For instance, while mainland China has strict currency controls in place, Hong Kong is open to currency transactions. CONTINUE READING


     

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