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UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it is a chief aim of the Chinese going forward.
One big [...]

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Highlights
The US dollar is firmer against most major currencies.  The euro is trading near the week’s lows while the safe haven Swiss franc is up on the day amidst ongoing concerns about Greece.  That’s despite comments from EU Commissioner Barroso that countries including Germany stood ready to give Greece aid if asked and amidst talk [...]

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China and commodities bull Jim Rogers thinks the economy is going to eventually run out of gas by 2012. While he doesn’t call this a double dip, he does say that “the next time it’s going to be worse because we’ve shot all of our bullets.” With zero interest rates and huge government deficits all [...]

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Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happened. This allegory applies, with some imagination, to Japans economy too. [...]

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The US Financial Conditions Index (BFCIUS) is a composite measure of the condition of U.S. financial markets, using yield spreads, indices from bond, equity and money markets. Right now, it is at a 32-month high.

But, while this is supposed to measure market strength, it really seems to measure market bullishness. I see the US [...]

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A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here.
The G20 meet this weekend and it has drawn little attention thus far.  South Korea heads up the G20 this year and this meeting of deputy finance ministers and deputy central bankers will be held [...]

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A few thoughts on the links here
Notice Michael Tomasky’s calls for higher taxes. He says:
If there is one core attribute that makes Democrats Democrats, it is that they believe in government, which means you have to believe in taxes, which in turn means that you especially believe in taxing the incomes of the rich, which [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
We have argued that the EU faces a horrible dilemma.  One horn is the moral hazard inherent in support for a profligate agent, while not necessarily putting a firewall around [...]

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John Mauldin’s latest is about spotting asset bubbles and the potential government policy response. But he also has a lot to say about the latest employment situation survey and the situation in Greece with an apt comparison to the U.S.
In this issue: A Bubble in Search of a Pin [...]

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Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has an alarming note out this morning on economic policy.  I take notice because Chandler usually writes in more nuanced and non-apocalyptic tones.  For example, he begins:
The risks are asymmetrical.  Many of the world’s national economies, in various stages of recovery, are still highly [...]