Senators: Get Rid of Dollar Bills
Sens. Harkin, McCain and two colleagues are introducing legislation that would kill off the dollar bill in favor of dollar coins, touting the move as a way to cut costs.
IMF’s Lagarde Sounds Alarm Over Europe
The IMF is elevating its warnings about the risk of a global economic meltdown triggered by the euro-zone debt crisis. In a speech, IMF managing director Christine Lagarde said the world could see a repeat of the Great Depression if Europe doesn't take stronger action.
At One Think Tank, Two Opposing Views on the Euro-Zone Outlook
It’s easy to feel unsettled by the European debt crisis as policymakers inch toward a solution. There are plenty of good reasons to fear a financial catastrophe, given the scale of the euro zone’s troubles. But there are also reasons to see a path out, given the political and economic costs of failure. Whichever camp...
Different Audiences, Different Messages From Draghi
Mario Draghi has been all over the map in the past week, literally and figuratively. In testimony and press conferences that took the new European Central Bank president from Germany to France and, on Thursday, to Abu Dhabi, Mr. Draghi at first glance delivered decidedly mixed messages.
Vital Signs: Euro in Decline
Investors concerned about the euro zone’s continuing debt crisis, as well as the economic outlook for some of the bloc’s 17 member nations, sent the common currency down to $1.2706 on Wednesday.
Economists in WSJ Survey Forecast Short Euro Zone Recession
The euro zone will most likely experience a short recession, but the common currency will be under pressure for years to come, according to economists surveyed by the Wall Street Journal.
Secondary Sources: Economic Confidence Up, Coin Demand, Insourcing
A roundup of economic news from around the Web.
U.S. Factories Could Suffer From Dollar’s Appeal
Being a safe haven can be a drag. A strong dollar may enhance the U.S.'s sense of pride. But it will be a headwind for U.S. manufacturing.
Number of the Week: Americans’ Cheaper Restaurant Bills
Americans spend less per visit to restaurants than most other major industrialized countries, according to data compiled by market research firm NPD Group.
Five Economic Trends to Watch in 2012
The Council on Foreign Relations polled economists to identify five trends to watch in the coming year. They all fall under the increasingly common theme of “uncertainty,” and most of them touch on U.S. or euro-zone policies.
The yen, the dollar and the yuan
Another step in the global trade war/currency crisis and U.S. dollar devaluation that we’ve been forecasting for the past decade. This Japan/China accord is the Asian trading bloc predictably coming together in the incipient global trade war. But the incipient global equity Supercycle Bear Market will be accompanied with a rising“safe-haven” status U.S. dollar –...
