There are big differences between the United States and Japan…between the dollar and the yen…and between today’s globalized economy of 2008 and Japan, Inc.
August 21st, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "dollar"
Fed Vice Donald Kohn Urges Emerging Markets to Drop the Dollar Peg
Fed Vice Chairman Donald Kohn said the world would be a lot better if emerging markets simply dropped their dollar pegs. This means they would stop importing U.S. inflation by matching the Fed rate cut for rate cut. In a speech earlier this week Kohn said, “In those countries where strong commodity demands are associated with rapid growth in aggregate demand that outstrips potential supply, actions to…
July 2nd, 2008 | Dan Denning | 7 comments | Continued
An International Currency Not Just on Paper
Once it was clear that Britain’s global position was fatally compromised by its poor finances, it took all of five years for the dollar to become the preferred international currency. It can happen fast when people have a real alternative.
April 14th, 2008 | Dan Denning | 2 comments | Continued
Should an American Keep His Money in Gold, Euro or the Dollar?
So where should an American keep his money? This was a much easier question when gold was under $500 and the dollar was worth more than the euro. Of the three, the dollar was the last place you wanted to be.
March 28th, 2008 | Bill Bonner | 5 comments | Continued
Borrowing to Get a Better Bargain
A reader of Agora Financial’s 5-Minute Forecast wrote, “You spend a lot of time talking about the loss of purchasing power of the dollar - and rightly so. Therefore, I fail to see the problem with anyone spending dollars as quickly as possible and incurring debt. That dollar spent today will be worth less, if not worthless, tomorrow, and the dollar repaid will be of lower value than the dollar borrowed. Can’t have the argument both ways.”
March 18th, 2008 | Mogambo Guru | 1 comment | Continued
Gold Versus The Dollar
Where to put your money now?
In the dispute between the dollar and gold, says our old friend Lord Rees-Mogg in today’s TIMES of London, “there’s no contest.”
As a store of value, says his lordship, gold is unbeatable . “Even now its purchasing power in terms of physical assets is not far distant from 300 years [...]
