Dream of the Dragon

Category: economics

April 20, 2010

The Evil Empire

by Justin

“. . . I urge you to beware the temptation of pride, the temptation of blithely declaring yourselves above it all and label both sides equally at fault, to ignore the facts of history and the aggressive impulses of an evil empire . . .”

The biggest story of 2009, moreso probably than the inauguration of America’s first black president, revolved around the Great Recession and the implementation of the stimulus package that staved off depression. The current headliner is the latest revelation of Goldman Sachs’ greedy deception and the reckless, insidious profiteering of Wall Street. I am, however, mostly just regurgitating the overstatements of others. I don’t understand the way the markets operate and I still underestimate the effect of business on politics. And so I’m grateful for articles like this: The Great American Bubble Machine.

It really is all about the Benjamins. Read the rest of this entry »

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April 11, 2010

Trade deficit?

by Justin

China reported its first trade deficit in six years, meaning that during March they actually spent more money on imports than their cheap labor and goods generate from exports. At first glance this led me to believe that their economic growth could be slowing or transforming somehow. But that doesn’t seem to be the case. Read the rest of this entry »

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April 9, 2010

Rebuttal.

by Justin

China’s been big-dogging it today, embracing a rarely seen degree of diplomacy and collaboration.
The Financial Times ran a story about the success of Tim Geithner’s visit to China and a likely strengthening of the Yuan. The good news was qualified as being not good enough – the fiscal breakthrough won’t bolster the global economy, but China won’t be able to maintain its absurd domination of exports. Maybe. But it means Obama’s diplomacy and decision against implementing tariffs may have created a better playing field. Read the rest of this entry »

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