Tag: currency exchange
Trapped: The Fed Has Painted Itself Into a Corner
by Charles Hugh Smith on Feb.23, 2011, under Towing
Having committed itself to ultralow interest rates and quantitative easing, the Fed is now caught in a double bind: Continue those policies and keep pumping money into speculative, inflation-hiking commodity bets — or end them and let rates rise, with the harmful economic impact.
Continue reading Trapped: The Fed Has Painted Itself Into a Corner
Trapped: The Fed Has Painted Itself Into a Corner originally appeared on DailyFinance on Wed, 23 Feb 2011 12:30:00.
Currency Wars: How Ben Bernanke Outsmarted China
by Charles Wallace on Jan.24, 2011, under Towing
After years of exhorting China to increase the value of its yuan, the currency is finally rising. Why that’s so is the result of the Fed’s quantitative easing program. Here’s how Bernanke managed to succeed where political wrangling fell short.
Continue reading Currency Wars: How Ben Bernanke Outsmarted China
Currency Wars: How Ben Bernanke Outsmarted China originally appeared on DailyFinance on Mon, 24 Jan 2011 11:00:00.
China’s Record Foreign-Currency Reserves Heat Inflation Concerns
by Danny King on Jan.11, 2011, under Towing
China’s foreign-exchange reserves jumped by a record 7.5% during the fourth quarter, increasing concerns over the country’s inflation, The New York Times reported Tuesday.
Continue reading China’s Record Foreign-Currency Reserves Heat Inflation Concerns
China’s Record Foreign-Currency Reserves Heat Inflation Concerns originally appeared on DailyFinance on Tue, 11 Jan 2011 19:00:00.
Filed Under: Economy, Currency, Market News
Currency Wars Are Heating Up Across Latin America
by Charles Wallace on Jan.11, 2011, under Towing
They’re gearing up for a potentially damaging round of currency interventions to help keep their economies competitive, especially against China. Says Brazilian Finance Minister Guido Mantega: “This is a currency war that is turning into a trade war.”
Continue reading Currency Wars Are Heating Up Across Latin America
Currency Wars Are Heating Up Across Latin America originally appeared on DailyFinance on Tue, 11 Jan 2011 06:30:00.
U.S. Manufacturing Output Rises 0.5%, the Most Since July
by Joseph Lazzaro on Nov.16, 2010, under Towing
The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
Overall industrial production was flat in October, but that neutral performance was heavily weighed down by a 3.4% plunge in utilities production –…
Continue reading U.S. Manufacturing Output Rises 0.5%, the Most Since July
U.S. Manufacturing Output Rises 0.5%, the Most Since July originally appeared on DailyFinance on Tue, 16 Nov 2010 11:15:00.
Filed Under: Economy
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