Productivity, the only economic statistic that matters, spells US victory in currency war
13 Oct 2010 [0 Comments | 532 views]
There are plenty of theories knocking around the blogosphere at the moment suggesting the US is on the verge of collapse. That its time as the world’s superpower is coming to an end, and is set to join Iraq, Egypt and Greece as a former superpower, relegated to being a country grappling with poverty. Civilization [...]
End of US hegemony, why the Bancor and not gold will be the new currency
13 Oct 2010 [1 Comment | 952 views]
Dollar hegemony will come to an end eventually. This has important implications, but there is a way of stopping the transformation being too painful. Right now, the US is still the world’s only economic superpower, and will come out of a trade war with its dominance still intact. But this dominance is only temporary. This [...]
Fed prepares to unleash WMDs in currency war
13 Oct 2010 [0 Comments | 533 views]
If we really are on the verge of a currency war, who is the likely victor going to be? The answer, probably Uncle Sam, although he will come out the other end a chastened beast. In fact, it may be more accurate to say Uncle Sam will win the battle, but that it will be [...]
Obama vetoes foreclosures bill putting an end to fast repossession
8 Oct 2010 [0 Comments | 516 views]
As you know Barack Obama is getting himself something of an anti-business reputation at the moment. The critics may well be right, but this week the US president went against Congress and vetoed a new bill on foreclosures that could be seen as anti banks, but on this occasion he was dead right. Read this [...]
US house prices key report coming soon
28 Sep 2010 [0 Comments | 297 views]
Later today will see the latest US house price stats from Case-Shiller. Four weeks ago the 20-City House Prices index was still positive – up 1 per cent in June. But recent data indicated that US new home sales in August stayed at the same record low set the previous month. In fact, sales in [...]
Economic turmoil: why the only solution is nuclear economic policy and the end of the euro
9 Sep 2010 [3 Comments | 803 views]
The twists and turns of economic fortunes – they are enough to make you breathless. The last few days have, if such a thing is possible, seen the gap get bigger between the bulls who say all is well, and the bears who say we are doomed. The bulls say the recent spate of poor [...]
US consumer confidence grows slightly
6 Sep 2010 [0 Comments | 269 views]
Uncle Sam enjoys some relief Last week saw a rush of data which for all but the Brits looked pretty good. In the US, fears of a double dip recession have been partially fed by doubts over the UK housing market, but also the way key indices have been plummeting. Well, the plummeting stopped last [...]
Focus: GDP latest, the week of telling data draws nigh
27 Aug 2010 [0 Comments | 319 views]
There will be no IABN news next week. As a result, we thought we would take this opportunity to give you a quick summary of some of the key things to watch out in for our absence, as well as an update on the most recent developments. UK GDP latest This morning, the latest estimate [...]
German prudence scores over US spending
26 Aug 2010 [0 Comments | 467 views]
In the US things went from bad to worse yesterday, but in Germany it seemed like the complete opposite. Meanwhile, Ireland had a dollop of bad news. As for bonds, yields fell again, from a ridiculously low level, to even lower. As you probably know there are three schools of economic thought which relate to [...]
Another perfect storm of economic discontent: could it be a trade war?
25 Aug 2010 [0 Comments | 505 views]
Yesterday was one of those busy days, a day in which economic indicators and statements by experts came together to form something of a perfect storm. Markets were spooked. Alas, the data gives good reason for their fears. This is what happened. Weale warning Martin Weale, Director at the National Institute of Economic and Social [...]
