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robertogreco : dollar   4

Op-Ed Columnist - Chinese New Year - NYTimes.com
"The bottom line is that Chinese mercantilism is a growing problem, and the victims of that mercantilism have little to lose from a trade confrontation. So I’d urge China’s government to reconsider its stubbornness. Otherwise, the very mild protectionism it’s currently complaining about will be the start of something much bigger."
devaluation  unemployment  dollar  recession  china  policy  economics  depression  bailout  paulkrugman  politics  currency  trade 
january 2010 by robertogreco
The demise of the dollar - Business News, Business - The Independent
"In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."
via:javierarbona  2009  china  middleeast  currency  japan  business  economics  politics  europe  recession  world  money  finance  iraq  crisis  energy  iran  russia  geopolitics  oil  gold  dollar  us 
october 2009 by robertogreco
Can China buck the dollar? | csmonitor.com
"Despite America's debt woes, the US dollar is still being used in the vast majority of international trade deals. Until China's leaders stop acting like emperors over their own people, the dollar will be the emperor of world currencies for some time to come."
dollar  us  currency  world  global  international  economics  china 
july 2009 by robertogreco
On The Great Big Third World | varnelis.net
"So if we're seeing 9.4% unemployment this month, you should probably double that to get a real picture of how many people aren't being employed in traditional fashion. What if this continues for a few years? And what if we get the high interest [and inflation] rates that I predicted, eviscerating home values? I think the result is a country that approaches "Third World" status with a cheap labor force that will take on contract work without any guarantee of continuing employment for low wages. ... The Third World didn't vanish in the worldwide economic "boom," it spread everywhere. That's what the last two decades have brought us. I knew that the Bush administration was alternately too stupid and too evil to point this out, but Obama had the opportunity to force Americans to face up to the crisis, as FDR did when he took over in 1933, but he took an easy way out. Now we'll all pay the price. Welcome to the new, improved, much larger Third World."
kazysvarnelis  crisis  thirdworld  us  policy  economics  housingbubble  labor  unemployment  georgewbush  barackobama  inflation  devaluation  dollar  markets  boom  greatrepression  recession 
june 2009 by robertogreco

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