SubscribeAll Posts Tagged With: "United States"
Will Calls for a “New Global Financial Order” Result in a Second Bretton Woods and the End of U.S. Dominance?
The leaders of 20 of the world’s most developed nations, the G20, will convene in Washington D.C. on Nov. 15 for an emergency financial summit considered by many to be the 21st century version of the Bretton Woods initiative of 1944. This will be the first chance for European leaders – many of whom blame the current financial contagion on U.S. free market capitalism run – to press for an overhaul of a global financial system the United States has dominated for more than 60 years.
The summit will “seek agreement on principles of reform needed to avoid a repetition of…
24Oct2008 | Money Morning | Comments Off | ContinuedThe United States Loads Up for Tuesday’s China Trade Talks
Representatives from the United States and China will meet Tuesday at the Richard Nixon Presidential Library in Yorba Linda, California, to discuss a full docket of trade issues that will no doubt include China’s massive trade surplus, the appreciation of the yuan, and a possible lawsuit over export restrictions.
The meeting is part of the U.S.-China Joint Commission on Commerce and Trade (JCCT), which is celebrating its 25th anniversary. U.S. Secretary of Commerce Carlos Gutierrez and U.S. Trade Representative Susan Schwab will co-chair the meeting with Chinese Vice-Premier Wang Qishan. Wang will make the trip with a dozen officials from the…
12Sep2008 | Money Morning | Comments Off | ContinuedTHE IDEA OF AMERICA, PART I
As Lord Acton reminded us, the American Revolution exerted much influence in France and in the world. America was seen as a beacon of liberty. The Statue of Liberty proclaims: “From her beacon-hand / Glows world-wide welcome”. Liberty – individual liberty – was the essence of the idea of America. In his Civil Disobedience, Henry David Thoreau conveys the spirit when he reports that, in half an hour, he was “in a huckleberry field, on one of our highest hills, two miles off, and then the State was nowhere to be seen.”
The idea of America as the beacon of liberty…
9Jul2008 | Daily Reckoning | 1 comment | ContinuedThe Economic Tables Have Turned
What goes around, comes around…
Every country in the world has had to put up with finger wagging and scolding from U.S. officials. The U.S. economy was the world’s best for so many years – and American experts, government officials, professors and consultants never got tired of saying so.
But now…as the Rolling Stones put it… “Tables turn and now her turn to cry.” Now, the tears are coming from the United States; the foreigners are doing the scolding.
Bloomberg reports that U.S. housing starts are at their lowest level in 17 years. Housing prices are going down too, while consumer prices go…
19Jun2008 | Money Morning | Comments Off | ContinuedChina and U.S. Commence Trade Talks with $14 Billion in Deals, but Loose Ends Remain
The United States and China got their fourth round of economic dialogue off to a good start yesterday (Tuesday), with the announcement of $14 billion in business deals. However, several points of tension ranging from currency devaluation to investment restrictions must still be resolved.
Two delegations, one led by U.S. Treasury Secretary Henry Paulson and the other by Chinese Deputy Prime Minister Wang Qishan, met in Annapolis, Md. yesterday, kicking off a two-day summit set to ease tension and enhance cooperation between the two countries.
“The tone will be one of constructive engagement,†Paulson told the International Herald Tribune on Monday. “We’re going to…
18Jun2008 | Money Morning | Comments Off | ContinuedSpecial Report: Six Ways to Profit From the One-Two Punch of Soaring Oil Prices and Zooming Inflation
Oil prices have resumed their northward climb. And inflation has returned to the American lexicon for the first time in decades.
For U.S. consumers, there’s no way to dodge the financial fallout of that economic one-two punch.
But for U.S investors willing to make some shrewd moves now, Money Morning can show you six ways to offset that high-priced pain with some profit plays that will continue to rise in value as oil prices and inflationary pressures continue to escalate.
Let’s first understand the battlefield we’re going to use for our profit-generating counterattack.
Escalating Energy and a Diving Dollar
Crude oil for July delivery traded as…
9Jun2008 | Money Morning | Comments Off | ContinuedThe U.S. Economy’s Uncertainty Brings Opportunity for Investors in the Months to Come
With a wheezing economy that’s struggling with housing and credit problems – as well as a weak dollar – it’s clear the United States won’t be in the investment spotlight this year.
But don’t despair. Because a trend that has long been talked about – economic decoupling – is finally starting to manifest itself as other world economies, particularly the so-called “BRIC†markets of Brazil, Russia, China and India, have continued to grow even as the U.S. economy has slowed. That means profit opportunities abound for U.S. investors, despite myriad messes on the home front that include a collapsed housing market,…
7Jun2008 | Money Morning | Comments Off | ContinuedU.S. Economy Expanded Faster than Reported, With First Quarter GDP Revised Upward to 0.9%
Real gross domestic product (GDP) increased at an annual rate of 0.9% in the first quarter, the Bureau of Economic Analysis (BEA) announced yesterday (Wednesday).
“We are somewhere in the twilight zone between an expansion and a recession,†Michael Feroli, an economist at JPMorgan Chase & Co. (JPM) in New York, told Bloomberg News. “We will have a poor pace of growth through the year.â€
The preliminary estimate of GDP represents an increase from the Apr. 30 advance estimate of 0.6% and is based on more complete economic information.
Economic expansion was primarily due to a boost in exports due to…
30May2008 | Money Morning | 1 comment | ContinuedApril Durable Goods Unexpectedly Improve, Shining Soft Light on U.S. Economy
Orders for durable goods, excluding transportation, rose 2.5% in April, an unexpected gain that underscores that a weak greenback and strong overseas demand for American-made goods are helping recharge the downtrodden U.S. economy.
Total orders last month shrunk by 0.5% to a seasonally adjusted $214.42 billion, the Commerce Department reported. That was well below some forecasts of a 2.0% drop.
Durable goods – such as cars, appliances, electronics and toys – are manufactured items that are expected to last at least a few years. Together with sales of nondurable goods – more-ephemeral items such as paper and food – and…
29May2008 | Money Morning | Comments Off | ContinuedMedia in Society
Last night I saw a debate on television about what role the media is to play in our society. I found one speaker to be somewhat appalling. This person argued against the involvement of media in our societal discussion on issues that matter.
Well sir, you are dead wrong…
Now if you happen to be on the right you’d be saying, “Well there is an obvious liberal bias in most of the media we receive and hear.” I agree with you to a certain extent. Media in its purest form was designed as a tool people can use to provide a forum…
19Apr2008 | S. Oakes | Comments Off | Continued
Loading ...
