Death of the Dollar Redux
I want to respond to a reader who commented on yesterday's post about the possibility that the U.S. dollar might be replaced by a new type of currency known as an "SDR": Reader: "[You suggest in your post that] 'Americans won't be able to live quite as large as they have in the past.' This is a vague statement.
The Economics of Violence
Check out this very interesting article from GlobalPost about how the financial crisis has led to a spike in conflict and violence around the world this year.
Is the Recovery Upon Us?
It seems so. For the first time since June 2007, growth forecasts for the world's rich nations are being revised upward, according to the latest OECD data.
Why Brazil Could Be the New Britain
Over the last few days, I've been talking with our Rio correspondent, Mac Margolis, about the future of Brazil, which has been one of the winners in the global financial crisis.
Russia Enters Its Lost Decade
Oil may be up, but Russia, strangely, is down. Commodities prices, on which Russia's economy is ever dependent, have been rising for the past several months, leading some economists to predict a return to 3 percent growth (from the current negative-10 percent) by next year, and even higher figures in the future.
Will Oil Help Or Hinder the Recovery?
With oil prices on an unprecedented roller-coaster ride over the last year, our senior reporter Matthew Philips caught up with energy guru Dan Yergin, to talk about what effect petro-prices will have on the recovery.
Who Says Financial Innovation Is Dead?
You can't hold a good banker back, it seems. I had to laugh when I read the cover of the FT this morning, with a story on how Goldman Sachs, Barclays and others are finding ways to soften the burden of the new capital requirements being imposed on them in the wake of the financial crisis.
Chinese Consumers Won't Save The World
Sales of apartments, automobiles, and lots more are rising, but it's the government, not consumers, that's paying.
The Super Rich Are Down But Not Out
This latest financial crisis and global recession has been unique in all sorts of ways – from its length and depth, to the fact that almost nobody has come out unscathed.
Which Country Has the Most Debt?
Public debt is rising at its fastest rate since World War II, as nearly all major governments seek to stimulate their shaky economies. Who's most at risk from the ballooning debt bubble?
The word in Asia is that Hong Kong may be a has-been. In April, Chinese officials announced they want Shanghai to become a global financial center by 2020.
Why Germany's Banks Are More Screwed Up Than America's
The green shoots keep coming in the US, but Continental Europe is still in a deep economic slump. I keep seeing forecasters changing their predictions of recovery from 2010 to 2011.
Who Wins in Chrysler-Fiat Deal?
The merger is on hold. Maybe it should stay that way.
Chinalco and Rio Tinto -- An Unhappy Ending
Beijing lost a fair bit of face yesterday when Chinalco, a Chinese state-backed aluminum company, was forced to walk away from a $19.5 billion offer to purchase a large chunk of Anglo-Australian mining giant Rio Tinto.
Will Hong Kong Become a Has-Been?
China backs its own global market.