by Dave Johnson | Nov 13, 2009 | Blog
This just in from Reuters: U.S. trade deficit widened in September. The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the most in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded...
by Isaiah J. Poole | Nov 13, 2009 | Blog, Economy
President Obama's team made it clear months ago that he will brook no talk of a "second stimulus" at a time when the first stimulus is under significant criticism—from the right, to be sure, but also from the left. Nonetheless, Thursday's announcement of a White House...
by Terrance Heath | Nov 12, 2009 | Blog
I've used this quote (attributed to Maya Angelou) before: "When people show you who they really are, believe them." I guess in periods of tremendous change people really reveal who they really are. I'll return to this in more detail post, but the news and debate...
by Eric Lotke | Nov 12, 2009 | Blog
As President Obama packs for China, I thought I’d show him a picture of how China is manipulating its currency. Source: Federal Reserve: Yuan, Broad dollar index. Graphic idea compliments of AAM. The dollar stays flat against the Chinese Yuan, even as it loses value...
by Robert Borosage | Nov 12, 2009 | Blog
This week, Barack Obama trips to China as part of an eight-day trip to Asia. The White House paints a full agenda: Afghanistan, human rights, North Korean nukes, climate change, trade relations, and the economy. But it's really just the economy, stupid. For decades...
by Dave Johnson | Nov 11, 2009 | Blog
Here is another story about Wall Street’s war on the real economy. US Steel was planning to invest $1 billion in building an environmentally-friendly new “coke battery” plant in Clairton, PA. The new battery would dramatically reduce the emissions used in the process,...
