Category: Economics
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Who’s Afraid of China Inc.?
WILLIAM A. REINSCH, an avowed free trader, welcomes China’s rising stature in the international economy. After all, he is the president of the National Foreign Trade Council, an organization founded in 1914 to promote an “open world trading system.” Indeed, when he was a senior trade official in the Clinton administration, Mr. Reinsch was chided…
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The Future of the Dollar
By Clyde Harrison – CHICAGO (ResourceInvestor.com) — Leo Malamed is known as the Father of the derivatives market. I started in the investment business in 1968, so I was around when the baby was born. In 1968, the Mercantile Exchange wasn’t well known as they only traded eggs and pork bellies. The Exchange being made…
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Striking out inflation
Dick Fisher is the spanking new president of the Federal Reserve Bank of Dallas and a voting member of the Fed’s open market committee policy arm. A terribly bright guy, he is somebody who reads the research memos and looks at the data. He may be a Democrat — he served as deputy trade representative…
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The Strange Tale of the Bare-Bottomed King
They say never sell America short and with good reason. Any country whose equity market has been able to crank out 6.8% real returns annually over the past century stands as a formidable obstacle for any speculator willing to bet the “don’t come” line. The odds of winning a long-term wager laid against the U.S.…
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China Changes Offshore Investment Rules, Venture Capital Cools
Global venture capital funds slowed offshore investment into Chinese companies in the first quarter after the country’s foreign exchange regulator issued rules that may hinder international share sales and capital raising by China businesses. Chinese residents must for the first time get approval from the State Administration of Foreign Exchange before starting or investing in…
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Greenspan or Buffett? Asia Mulls Who’s Right
Even though his bet against the dollar cost him $310 million in the first quarter alone, Warren Buffett is sticking with it. Alan Greenspan seems less worried about the world’s top currency. Who’s Asia to trust when the two most revered U.S. gurus in this region are at odds? The issue is far from academic,…
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Now’s the time to make that offshore investment
By Renée Bonorchis Johannesburg – Local might be lekker, but with the rand dollar at levels of R6 and below for over two months, it’s a good time to invest offshore, according to market experts. The Association for Collective Investments, which monitors the unit trust industry, said this week that private investors earmarked more than…
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What Do The Numbers Really Mean? Uncovering the Secrets of Economic Indicators
An economic drama is playing out as you read this, one whose next act is about to unfold. It began quietly enough on Thursday, Jan. 6, when the U.S. Department of Labor issued its weekly report on first-time unemployment-insurance claims. It found that 364,000 workers filed initial claims for unemployment benefits for the week ending…
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About Leading Economic Indicators
Whenever you hear the term ‘sector rotation’ in equity markets, you can be sure there are important things changing in the macro picture. As you know, the big picture today is one of a return to global economic growth, and higher commodity prices and interest rates. Now, it’s pretty hard to have economic growth without…