Posts Tagged ‘ U.S. debt ’

China’s War Uses U.S. Debt Against U.S. Dollar

Sep 15th, 2010 | By | Category: Economics, Featured, International
Recently, the U.S. Treasury Department released data showing an 11% decline in official Chinese holdings of U.S. government bonds during the past year. The Chinese government isn’t adding to its U.S. bond position. Nor is it rolling over its previous purchases. Instead, between September 2009–June 2010, Chinese holdings of U.S. bonds ...read more

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Posted in Economics, Featured, International | 10 comments


The Battle Between Debt and Recession

Dec 13th, 2007 | By | Category: Macro Economics
“The Fed and the White House will do whatever it takes. But will that be enough to defeat recession for ever and ever?” SO THERE IS TO BE NO LETUP OR TRUCE in the war between debt and recession. The cannon fodder of consumer credit — the battle-weary consumers themselves — must ...read more

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Posted in Macro Economics | No Comments »


War of the Nerds

Jan 26th, 2007 | By | Category: Currencies, Macro Economics
Financial markets owe much to illusion. Absolute values don't exist. Prices are relative and changing. We create our own references. Gold-topaper currency conversion served that purpose. Yet, the US snookered the world into broad acceptance of the dollar standard after severing its relationship to a tangible object. Until 1971, a ...read more

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Posted in Currencies, Macro Economics | 1 Comment »


Gold, M3, and Willingness to Lend

Jan 22nd, 2007 | By | Category: Currencies
Let's start with a quick look at the expansion of the monetary base in comparison with the expansion of broad money supply, as measured by M3: Monetary Base M3 The above chart is from a discussion on "Money Supply and Recessions." For this article, pay attention to the green line ...read more

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Posted in Currencies | No Comments »