Category Archives: Currencies

China Sickening into Classic Emerging Market Crisis

More and more analysts are getting nervous about China. Are there concerns warranted?

British Press Hissy Fit Over Predictable EU Move to Relocate Euro-Clearing to the Continent

The UK press reacts with unwarranted indignation to an EU move that was sure to happen.

Taxes, and the Parable of “Turning Litter Into Money”

I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?

The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections

How the Kirchner program in Argentina ran into the buzz saw of currency markets.

The Operation and Demise of the Bretton Woods System: 1958 to 1971

Even though the Bretton Woods system was short lived, legacies like the dollar standard remain and are likely to be with us for some time.

The Fall of the Latin American Left, Part I: Brazil’s Boom and Bust

Discussing why the left in Latin America lost power, starting with Brazil.

Debunking 5 Myths About Frexit

A skeptical look a Frexit, meaning France exiting the Eurozone.

More Brexit Delusion: City Issues Wish List That the EU Already Rejected

When you’d thought the British had reached the limits of outlandishness on the Brexit front, they manage to outdo themselves.

British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit

The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.

Europe’s Crisis Was Caused More By Reckless Lending Than By Reckless Spending

Remedies have failed to produced growth and lower indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core

India: Demonetization and its Discontents

Why have India’s citizens not reacted more forcefully to the huge disruption created by a misguided demonetization program?

India’s Cash Crisis May Take Months, Not Weeks To Resolve

India has not undertaken necessary logistics for implementing demonetization. Currency shortages may take months, not weeks, to resolve.

India’s Cash Crackdown: Chaos Continues

India’s cash crackdown has caused widespread economic suffering and chaos, unduly hurting the poor, and sparked some political pushback.

Public Support for the Euro

Why a Brexit, even if it moves forward, seems unlikely to lead to a Eurozone breakup.

India Moves to Severely Restrict Use of Cash, Forcing Much of Economy Into Barter

India cancels currency notes of Rs 500 and Rs 1000 In an attempt to crack down on black money, corruption, counterfeiting, and terrorism.