In the early 19th century, traders from Britain and America bought porcelain (china), silk and tea. Trouble was, they could find nothing to sell in exchange.
November 23rd, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "trade balance"
The American Empire Depended on Trade…and the Dollar
We would name the period between the fall of the Berlin Wall and the fall of Lehman Bros – a period of only 19 years – as the peak of US power and wealth. Of course, Americans were dreaming during those years.
September 14th, 2009 | Bill Bonner | 3 comments | Continued
A Deflation in Unit Labor Costs
Since employment is a lagging indicator of economic activity, we learned over the years to dig deeper than the headline figure to get a read on where labor market conditions may be going.
September 10th, 2009 | Rob Parenteau | 0 comments | Continued
Two Good Reasons to Own Gold
Just when I thought I would go berserk at such horrific economic news, I see John Stepek at Money Morning newsletter had a subhead that caught my eye, which was “Three sound reasons to own gold.”
May 26th, 2009 | Mogambo Guru | 1 comment | Continued
