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Descent of the Global Monetary System

Tom Spencer

Australia, Canada, the EU, Japan, Mexico, the UK, and America), when they devalue their currency it tends to weaken in the foreign exchange market, making the country more competitive in global trade. Since most advanced economies have adopted a freely floating exchange rate (e.g. At first it seems strange that they would do this.

System 88
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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

Of course, there is also persistent overoptimism about earnings growth and stock market expectations. Sales of Class 8 heavy trucks are on pace for one of the best years in history - around 260,000 units in North America. economy would avoid a recession despite the ongoing housing market turmoil. The Fed never sees them coming.

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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

I don''t and neither does Michael Pettis at China Financial Markets. The Financial Times reports China house price surge raises prospect of steps to cool market. A series of land sales have set record prices since August, with real estate developers ramping up their competition for the best plots in the biggest cities.

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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Among other things, she handles the structuring and sale of bonds for schools across the state. trillion muni market had puzzled at the true identity of Bond Girl, Hector Negroni, co-founder of New York-based investing firm Fundamental Credit Opportunities, said in a telephone interview. “ First let''s go over Culpepper''s background.