The anti-dumping case has emerged as a test of whether the EU can maintain a unified trade policy.
Economic and financial commentary by Truman Factor's staff and syndicated columnists.
A currency war is different from any other kind of conventional war in that the object is to kill oneself.
Right now, everyone is on the same side of the trade: long equities. This is dangerous…
The ECB cannot do the governments’ jobs.
We think Tim Geithner (with Bill Dudley as an alternative) will take over the Fed when Ben Bernanke steps down next January, and it seems by all indications that the table is already being set.
Did the price of paper gold (futures) divorce from the price of physical gold?
When the reign of “king dollar” finally comes to a belated end, let’s hope all the gold we allegedly have stored in Fort Knox is actually there.
Stockman’s NYT piece offers a litany of objectively dismal facts and cogent explanations of how we got here.
Is Bitcoin money? In brief, no it’s an irredeemable currency.
At a time when the cost and availability of capital in the EU is sometimes problematic, the FTT would raise it for households, firms and even states.
A multitude of evils can hide behind the ideological veil of top-down European integration.
The antidote should be more government spending and larger deficits – as well as debt forgiveness.
The magnitude of the systemic leverage problem will be met with equal inflationary force.
The age of truly easy money may be just getting started.
The world is rushing towards mass insolvency. If we don’t change course, we face certain devastation.
Singapore is showing the world that Keynesian stimulus and devaluation is not the true route to economic salvation.
Experience shows that it is sometimes a long way from the passage of reform legislation to the actual impact on the economy and its institutions.
The curious thing is that the price fell while open interest in futures rose, which is not typical of how the market has actually been behaving in recent years.
The unadulterated gold standard is a free market in money, credit, interest, and discount based on the right of the people to hold and use gold coins, and which includes Real Bills and bonds.
The travails of the pound is far more instructive to those pondering the fate of the U.S. currency.