ShareThe Canadian daily National Post has a good piece out today that highlights how the ‘Buy American’ provision is being seen in Canada. Many see it as an affront that America could and would favor domestic firms over those of its largest trading partner and next-door neighbor despite the North American Free Trade Agreement.
For the [...]
Political Economy's archives
‘Buy American horror stories’ in Canada
Nov
China: we “will take steps to protect the interests of our domestic industries”
Nov
ShareChina on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing.
In a stinging rebuke to Washington, China’s commerce ministry promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6bn of Chinese steel pipe imports. [...]
The less optimistic view of Treasury’s handling of the crisis
Nov
ShareThe Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote [...]
Economic nationalism and GM’s decision to keep Opel and Vauxhall
Nov
ShareI have been reading press accounts of the GM decision to back out of the Opel/Vauxhall sale to the Magna/Sberbank consortium from various countries. There are a lot of different perspectives on this event in the U.S., Belgium, Spain, Germany, Russia, the U.K and elsewhere, because a lot of players are involved.
The conclusion I [...]
Trouble in Ireland as Fitch cuts debt two notches to AA- and deficits soar
Nov
ShareFitch, the credit rating agency, has just downgraded the sovereign debt ratings for the Republic of Ireland from AA+ to AA-. That is two notches and is proof-positive that the ratings agencies are worried about the hole in Dublin’s finances.
If you read the Irish press this morning, it is all doom and gloom and has [...]
The creeping power grab by the executive branch and Federal Reserve
Nov
ShareThe power grab at the Federal Reserve is a topic I first broached back in February when the Federal Reserve was creating its alphabet soup of liquidity programs to pull us back from the brink of financial disaster. I was troubled about Fed policy then and I am still troubled today.
I am equally disturbed by [...]
Rosner: Financial Stability Act “single worst not-yet passed piece of legislation”
Oct
ShareJosh Rosner, a Managing Director at Graham Fisher & Company, an independent research for institutional investors in financial service assets, has some pretty strong words for the reform legislation proposed by the Obama Administration and now making its way to Congress. On Bloomberg, he said it favors large too big to fail institutions and hurts [...]
Robert Johnson’s testimony expunged from Congressional records
Oct
ShareRobert Johnson, director of the Economic Policy Initiative of the Roosevelt Institute, has been extremely critical of the US Government’s handling of matters related to financial services.
This past October 7, he gave testimony at the House of Representatives financial Services Committee expressing some of his concerns. Not only was his testimony cut short, but [...]
Spain: “we need to go back to 2000 wages and prices and start again”
Oct
ShareWhen it comes to the housing meltdowns in the richest economies, the US has been matched only by Spain, Ireland and the UK. All four countries have seen spectacular losses of wealth in the housing sector over the last two years.
The response by all four governments was to apply as much stimulus as they reasonably [...]
Geithner testifies before Congress on financial reform
Oct
ShareI am listening to Treasury Secretary Tim Geithner answer questions before the House Financial Services Committee and he seems to be talking the talk, but his Administration is not walking the walk.
The bill he is aggressively defending calls for putting a resolution process in place which ostensibly allows the cost of the failure of [...]
Archives
Recent Posts
-
- Jon Stewart spoofs Glenn Beck
- ‘Buy American horror stories’ in Canada
- FDIC shutters five more banks
- China: we “will take steps to protect the interests of our domestic industries”
- Intent and motive
- Rosenberg: “the mother of all jobless recoveries”
- Links: 2009-11-06
- The less optimistic view of Treasury’s handling of the crisis
- Comprehensive unemployment rate is 17.5%
- 10.2% unemployment, 190,000 jobs lost
Recently Popular
-
- Sell equities
- Bill Gross: Sell equities and buy Treasuries
- Julian Robertson: “We’re in for some real rough sledding”
- The coming collapse of the municipal bond market
- The recession is over but the depression has just begun
- Faber: Gloom, Boom or Doom?
- Steve Keen: On the Edge with Max Keiser
- The new Japan, domestic consumption, and the neo-liberal thought machine
- Obama: The one phrase he just can’t stop using
- Janet Tavakoli on fraud, derivatives, and bankruptcy
Most Viewed
- Credit Crisis Timeline
- Letterman’s Top 10 George Bush moments
- Switzerland threatened with bankruptcy
- Is the State of California bankrupt?
- The Dummy’s Guide to the US Banking Crisis
- Top ten predictions for the 2009 global economy
- Marc Faber: I advise every American to hold his gold outside of the United States
- Chart of the day: Dow 1928-1932
- The Swedish banking crisis response – a model for the future?
- Quantitative easing: printing money like mad to ward off deflation
Resources
Translate
- Powered by Google Translate.
Polls
- Sorry, there are no polls available at the moment.






