Category Archives: US Trade Imbalance

Great-est Depression???

This forecaster is saying something that I thought was just common sense and I mentioned a year ago or more. That is to say, without a vibrant middle class to effect the necessary 70 % consumption that represented the bulk … Continue reading

Posted in Back to the basics, Coup d'etat in America, Death of the Dollar, Let's Call What It Is - DEPRESSION, Our phony middle class, Patience is a virtue...Delusion is a vice, Small Business-Bedrock of America, TARP fruit loops, The American Financial Oligarchy, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Intrusion of UNLAWFUL Authority, The Obama OMG magic factory, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, Unintended Consequences, We Have Become Beggars To The World | Leave a comment

Inexcusable Delay-Another reason for a change in Washington

Senate Leaves Credit-Starved Small Biz Hanging – Los Angeles Times Small businesses desperate for government help getting loans will have to wait at least until September before Congress moves on long-awaited legislation to pay for higher loan guarantees, lower fees … Continue reading

Posted in A Shareholder-Not Just a "Stakeholder", A State of Distress, Small Business-Bedrock of America, The American Financial Oligarchy, The Arrogance of Power, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Obama OMG magic factory, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, US Trade Imbalance, Unemployment Catastrophe, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | Leave a comment

CBO Propaganda

I’ve seen some eye-poppin’, credulity-stretchin’ accounts in my time. The report “The Budgetary Impact and Subsidy Costs of the Federal Reserve’s Actions During the Financial Crisis,” just released by the Congressional Budget Office, ranks with the most extreme. It claims … Continue reading

Posted in THEY ARE ALL THE SAME, The American Financial Oligarchy, The Arrogance of Power, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The Summers Exit Watch, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, Unindicted Co-Conspiritors, Unintended Consequences, Wage Deflation, Want To Buy A Car?, We Are All Cooked, We Have Become Beggars To The World, We Need Open Derivative Models, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | Leave a comment

Why Obama is Now (finally) Getting Tough on Wall Street

Originally published at Robert Reich’s Blog For almost a year now, Democratic pollsters have been pointing out how much the public hates the bank bailout and despises Wall Street. But there was no reason for Democratic leaders in Congress or … Continue reading

Posted in The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Time For A New Third Party, US Trade Imbalance, USA Is the New Japan, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | Leave a comment

Sic transit America?

Flagging: a US sailor stands on the flight deck of the aircraft carrier USS George Washington If a week is a long time in politics, a decade is starting to look like an age in geopolitics. Comparing the America that … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, AIG and all that....., Back to the basics, Collateral Damage, Coming Social Unrest, Commercial Real Estate Bust, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Devaluation, Dismal Science-Ignorant Scientists?, Even the Terminator Can't Help California, Federal Reserve-Discussion, Figures don't lie but Liars can figure, IT'S ALL ABOUT POWER AND MONEY, Integrity and Responsibility, Is The Market Rally Real?, It Is Nice To Be Part of the Elite!, It starts with a foundation, Monetary Policy - Discussion, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Politicians, Prostitutes and Pimps All Rhyme, Small Business-Bedrock of America, Sub-Prime anytime, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Global Economy, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, “the Greenspan doctrine” | Leave a comment

Timidity on imbalances

by Chris Giles |  Comment Mervyn King was in no doubt about the importance of global trade imbalances when giving evidence to the Treasury Select Committee in June. “I am afraid we are doomed to repetitions of the problems that we … Continue reading

Posted in Global Trade, US Trade Imbalance | Leave a comment

Operation Rollback: Wal-Mart’s World of Business

The expansion of international “supply chains” from Asian factories to American consumers has certainly created global trade imbalances and international currency flows that are not necessarily sustainable over the long run. A readjustment of the world economy, not a slackening … Continue reading

Posted in A Shareholder-Not Just a "Stakeholder", A State of Distress, Back to the basics, Book Reviews, Important Skills - No Apprentice Programs, Market Strategies, Our phony middle class, Patience is a virtue...Delusion is a vice, Strategizing Suppy Chain Links, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Sorry State Of American Manufacturing, US Trade Imbalance, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, Watch The China Market, We Are All Cooked, We Have Become Beggars To The World | 1 Comment

“the short period of American triumphalism, where we dominated the global scene. That period is over”.

Stiglitz Says U.S. Economic Recovery May Not Be ‘Sustainable’ By Michael McKee Sept. 4 (Bloomberg) — The U.S. economy faces a “significant chance” of contracting again after emerging from its worst recession since the 1930s, Nobel Prize-winning economist Joseph Stiglitz … Continue reading

Posted in A Growing List Of One Term Presidents, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Inherent Disorder of Empires, The New American Socialism, The Sorry State Of American Manufacturing, Time For A New Third Party, US Trade Imbalance, Unemployment Catastrophe, We Are All Cooked, We Have Become Beggars To The World, Who owns Congress-Still! | Comments Off

Sic Transit Gloria America

As U.S. deficits increased, global investors edged away from the dollar into the German mark, the Japanese yen, the Swiss franc, the Euro, and more recently baskets of Asian currencies. Which brings us to today. Only goodwill (defined both as … Continue reading

Posted in A Growing List Of One Term Presidents, China and the Treasuries - A Dependency Relationship, Death of the Dollar, Dollar Musings, Even the Terminator Can't Help California, Global Trade, Insolvency, Our phony middle class, The China Dilemma, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Global Economy, The Importance of Strategic Planning, The Sorry State Of American Manufacturing, US Trade Imbalance, Watch The China Market, We Are All Cooked, We Have Become Beggars To The World | Leave a comment

US bowls a tricky ball to markets

Curiously, as Treasuries were rallying, equities on both sides of the Atlantic were capering to almost their highest levels this year. After moves this week, when bond and equity prices fell together, it has led some to ask whether the … Continue reading

Posted in TARP fruit loops, The Importance of Strategic Planning, US Trade Imbalance, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

The Peking-Washington connection: is it real?

Is there a clandestine understanding between the world’s two most powerful central banks, the Federal Reserve and the People’s Bank of China? Naturally, no one can talk about it, let alone confirm or deny anything. But it’s not too difficult … Continue reading

Posted in A Growing List Of One Term Presidents, China and the Treasuries - A Dependency Relationship, Global Trade, Obama's Hypocrisy, The Geithner Resignation Watch, The Global Economy, The excellent adventures of Ben Bernanke, US Trade Imbalance, Unindicted Co-Conspiritors, We Have Become Beggars To The World | Leave a comment

Our $17 Trillion Chinese Split Won’t Be Pretty

Returning from China last month, U.S. Congressman Mark Kirk had a bearish take on a high-level visit by American officials. Treasury Secretary Timothy Geithner claimed the U.S.’s biggest creditor voiced great confidence in its debt. Kirk, an Illinois Republican, came … Continue reading

Posted in A Growing List Of One Term Presidents, A State of Distress, China and the Treasuries - A Dependency Relationship, Coming Social Unrest, Death of the Dollar, Deflation-Inflation-Stagflation, It Is Nice To Be Part of the Elite!, Let's Call What It Is - DEPRESSION, Market Strategies, Obama's Hypocrisy, Our phony middle class, TARP fruit loops, US Trade Imbalance, Watch The China Market, We Have Become Beggars To The World | Leave a comment

That thing called China

In a recent Wall Street Journal/NBC poll, 49% of Americans said they were concerned a great deal about federal deficits and government involvement in the economy. America’s gross government debt is expected to climb from 62% of national income to … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, US Trade Imbalance, Watch The China Market, We Have Become Beggars To The World | Leave a comment

Housing in Peril as Obama Fails to Get Breakthrough

By Kathleen M. Howley June 29 (Bloomberg) — Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with “For Sale” signs stuck in untended lawns that he said investors might buy if banks would just extend some … Continue reading

Posted in Collateral Damage, Coming Social Unrest, Deflation-Inflation-Stagflation, Insolvency, Our phony middle class, Political Chaos, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

The Dollar’s New Best Friend

Last Tuesday, Brazil, Russia, India, and China–the so-called BRIC nations–met in Yekaterinburg, Russia, for what was supposed to be an anti-American gabfest. The main agenda item for the first formal meeting of the four largest developing economies was the future … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, Our phony middle class, The Global Economy, The Importance of Strategic Planning, The New American Socialism, The Sorry State Of American Manufacturing, US Trade Imbalance, We Have Become Beggars To The World | Leave a comment

The U.S. has more leverage with China than it thinks

This week Timothy Geithner completed his first trip to Beijing as U.S. Treasury secretary, and from his account the three-day visit was a great success. The Chinese, he said, backed the Obama administration’s stimulus program, understood the temporary need for … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, US Trade Imbalance | Leave a comment

Forgetting What We Learned

ILLITERACY IN HIGH PLACES by Paul Craig Roberts If a person lives long enough, he can watch everyone forget everything they learned. Everyone includes Federal Reserve Chairmen, economists, Bank of America “strategists,” and even Bloomberg.com. Federal Reserve Chairman Ben Bernanke … Continue reading

Posted in A State of Distress, Back to the basics, China and the Treasuries - A Dependency Relationship, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Global Trade, Insolvency, Interest Rates, Let's Call What It Is - DEPRESSION, Libertarianism - the Debate, Negative Cash Flow, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The New American Socialism, The Rand Gene, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

The basic story of China’s foreign portfolio is simple…..

Keith Bradsher’s New York Times story on the recent evolution of China’s foreign portfolio gets — at least in my view — the story right. Of course, that may be because I was — rather obviously — a source for … Continue reading

Posted in China and the Treasuries - A Dependency Relationship, Global Trade, The Global Economy, US Trade Imbalance, We Have Become Beggars To The World | Leave a comment

It’s Official: Worst Recession in Five Decades

This recession is now the worst since at least 1958, which is as far back as the index of coincident indicators stretches back. The Conference Board reported today that the index, which is intended to measure how the economy is … Continue reading

Posted in Back to the basics, Coming Social Unrest, Coup d'etat in America, History of Finance, Insolvency, Integrity and Responsibility, Let's Call What It Is - DEPRESSION, Negative Cash Flow, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Global Economy, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

Global Trade is collapsing

Global trade is collapsing at an unprecedented rate, but not evenly across the globe. This column argues that ‘vertical specialisation’ – the internationalisation of manufacturing supply chains – accounts for the amplification of Japan’s drop in trade. The good news … Continue reading

Posted in Global Trade, US Trade Imbalance | Leave a comment