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I am going to talk here a little bit about the looming trade war between China and the United States. But I am going to come at it from a side angle via some historical analogies.
Common folklore in the United States says that the Soviet Empire collapsed in large part due to the efforts of [...]

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Marshall Auerback here with a post which I originally published at New Deal 2.0.
Every instinct the President has honed, every voice he hears in Washington, every inclination of our political culture urges incrementalism, urges deliberation, and an abundance of caution, particularly in regard to our “unsustainable government spending.” And for all of his apparent [...]

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This is a post which I originally published at New Deal 2.0.
Ed mentioned earlier today in the links that I was going to post to add some variety to the discussions at Credit Writedowns. So, here is an article on Spain and the EU which demonstrates deficit terrorism in action – coming soon to a [...]

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The latest ISM numbers are in for the U.S., showing that the manufacturing sector expanded for a fourth consecutive month in November. The overall number was weaker in November at 53.6 than last month’s 55.7. But both new orders and production point to more of the same in the next month or two going forward.
[...]

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Benchmark Currencies: 16 Dec 2008

Nearly one year later and the U.S. dollar is looking very weak – and not just against the Euro, but also against Sterling and Swissy, and especially against the Loonie and the Aussie Dollar.  Even the Japanese Yen is up against the U.S. Dollar. And of course, the Chinese Yuan is [...]

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This comes via Deal Book at the New York Times.
The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the beginning of [...]

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This is a crucial question because Devon Energy, the Oklahoma-based independent oil and natural gas producer has just decided to put billion of dollars in Deep sea Gulf of Mexico assets on the market.
Canada’s National Post reported:
Devon Energy Corp. hopes to raise up to US$7.5-billion from the sale of its Gulf of Mexico and international [...]

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An article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other countries is sure to raise ire, especially in the United States where the [...]

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On the eve of U.S. President Barack Obama’s visit to China, a major Chinese official has criticized U.S. monetary policy in unusually harsh language. Liu Mingkang, China Banking Regulatory Commission chairman said the zero interest rate policy of the U.S. Federal Reserve posed a “new systemic risk.”
Liu, using language reminiscent of warnings by NYU economist [...]

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Hong Kong’s leader Donald Tsang has come out with a scathing criticism of U.S. monetary policy, comparing it to Japan’s which he believes contributed to 1997’s Asian crisis. This is the most direct and strident criticism of the U.S. Federal reserve’s monetary policy from a major international politician yet.
Bloomberg reports:
The Federal Reserve’s policy of keeping [...]