It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the [...]
It’s hard to overstate the concern that American families have regarding the economy, but one thing we all need to pay more attention to is the value of the U.S dollar. Imagine, if you will, what would happen to your families’ savings should the U.S. dollar truly crash, especially when unemployment and underemployment are both [...]
Ok, he didn’t literally admit to weakening our currency and setting us up for record inflation, but he might as well have. In the President’s unusually short speech this morning, Obama again touted his fictitious one million jobs saved/created number, the government-sponsored GDP growth in the third quarter and that the new jobs figures that [...]
Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy. The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency. If the [...]
An up-to-date look at what’s happening in the economy.
In the past few weeks several news stories purporting foreign actions against and for the dollar. Which is it?
