IN THIS ISSUE: US Taxpayers Bailing Out Greece & the Rest of Europe Quick History of the International Monetary Fund IMF Prepares for $1 Trillion Bailout of Europe EU Bailout Approved, But Will It Work? Will Any of this Money Ever be Paid Back? The "Cornyn Amendment" - A New Monkey Wrench...
Attentive and loyal readers of this blog will recall that I wrote, almost exactly a year ago, about China’s proposal to replace the dollar as the world’s reserve currency with the special drawing right (SDR), a unit of account used by the IMF, which is based on a weighted basket of currencies...
Global Emerging Markets (GEMs)
Filed under: Filed under: reserve currency, bailout, Britain, Angela Merkel, Dominique Strauss-Kahn, European Union, Greece, SDR, Bulgaria, euro, Ireland, IMF, Spain, Romania, dollar, Portugal, Greek
It has long been my contention that we are entering an extraordinary period of time in which using historical analogies to plot market behavior is going to become increasingly problematical. In short, the analogies, the past performance if you will, all break down because the underlying economic backdrop...
Dear Readers, In the March 6, 2009 edition of this missive/blog/column/whatever you want to call it, I listed three "Desperate Measures" the U.S. government might turn to next in its futile attempt to rearrange the ruined economy into something more resembling a perfect world. Suspend "mark...
Filed under: Filed under: Interest Rates, Credit Crisis, Inflation, Gold, China, Bailout, Taxes, Bad Bank, International Monetary Fund, Mark to Market, G20, IMF