Posts Tagged ‘currencies’
One thing you can probably get 99% of economists to agree on is that a global trade war in the middle of a global recession is a bad idea. If every country increases import tariffs, hoping to protect its domestic industry from foreign competition, global trade will fall in all directions, hurting everybody. Put another [...]
Even with all the chaos in the US economy these days, the G20 summit approaching this weekend is bringing the global financial system to the top of the agenda, at least for the few days. One of the issues of the past few weeks has been volatility in currency prices as (most) countries with overvalued [...]
The emerging markets rout continues: Russia, she of the $500 billion war chest of foreign currency reserves, spent 19% of those reserves trying to fight off a currency devaluation. Today, Russia didn’t quite give up the fight, but conceded some ground, widening the allowed trading range and at the same time increasing interest rates. Just [...]
One of the challenges of the current financial crisis/credit crunch/recession/whatever you call the mess that we’re in is that there are so many things going on at once – stabilizing the financial system, housing, economic stimulus, regulation, emerging markets crisis, now incipient currency crisis, … Luckily, there are many other smart commentators out there working [...]
Major currencies are on the move, big time, since yesterday. The yen has risen to 91 yen per dollar (from 97) today. The euro has fallen to nearly 1.25 dollars per euro (from 1.29). You get the picture. The G7 needs to slow down the disorderly run into the dollar. This run is in danger of snowballing into [...]
Tweets About Us- RT @baselinescene: Cute: http://t.co/rzK8VjXl. But is it fair to call "ignorance" the result of a steady stream of lies amplified by the media? emmett_j@twitter.com (Emmett Johnson)
- RT @baselinescene: Cute: http://t.co/rzK8VjXl. But is it fair to call "ignorance" the result of a steady stream of lies amplified by the media? JoScoMac@twitter.com (Scott McLean)
- RT @baselinescene: Purebred dog shows have always been creepy. This just confirms it: http://t.co/6iu2bwjR. /JK gebersole@twitter.com (Garrett Ebersole)
- RT @baselinescene: Purebred dog shows have always been creepy. This just confirms it: http://t.co/6iu2bwjR. /JK april_harding@twitter.com (April Harding)
- RT @baselinescene: Purebred dog shows have always been creepy. This just confirms it: http://t.co/6iu2bwjR. /JK APogonowski@twitter.com (AP)
- RT @baselinescene: Purebred dog shows have always been creepy. This just confirms it: http://t.co/6iu2bwjR. /JK jamiesw@twitter.com (JamieSW)
- The Bear&Bull Blog Daily is out! http://t.co/mcAbzHbi ▸ Top stories today via @thestalwart @baselinescene bearbull@twitter.com (bearbull)
- RT @TheBrowser: Mean-Spirited, Bad Economics: @baselinescene on unemployment benefits & Republican party plans to cut them http://t.co/GVnNzAUN drooperman@twitter.com (Drew)
- Agree with RT @baselinescene: Felix Salmon mocking Jack Welch's vacuous management lesson for Facebook http://t.co/BBKIGOIl /JK Alheri@twitter.com (Lilly Evans)
- #FF for political and other insight: @SarahBarfield @BuddyRoemer @RoyBlunt @StartSnitching @delong @TheGoodReport @baselinescene normanwlucas@twitter.com (Norman Lucas)
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Things That Don’t Make Sense, Yuan Edition
November 9, 2009 in Commentary
Tags: China, currencies, macroeconomics
“World Bank Chief Economist Justin Yifu Lin staked out a strong position against forcing China to let its currency appreciate as a way to rebalance the world economy. “’Currency appreciation in China won’t help this imbalance and can deter the global recovery,’ he said in a lecture Monday at Hong Kong University. “In an interview [...]