Commodities Forex News & Analysis

Europe Must Drop the Euro, Germany Abandon Mercantilism

Europe faces yet another recession, and the prospect is shaking global financial markets. To eliminate the persistent threat of collapse, Europe must drop the euro, and Germany must abandon mercantilism. When the euro was adopted in 1999, domestic prices, the face values for bonds and loans, and bank accounts were translated into euros according to [...]

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Forecasts for the Weeks of October 20 and 27

Here are the forecasts for upcoming economic data.

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Don’t Panic, Stocks Will Rebound

Wall Street may be in a panic, but ordinary investors should not sell their stocks. A recession in Europe, slower growth in China, falling oil prices, and prospects the Federal Reserve will raise short-term interest rates in 2015 are keeping money managers awake at night. However, in recent months, conditions have not changed as much [...]

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Fed’s Low Interest Rates Enable Washington’s Dysfunctions

The U.S. economy is underperforming, and the Federal Reserve’s low interest rate policies won’t reinvigorate it. To cope with the financial crisis, President Obama pulled out all the stops-record deficits, bank and automaker bailouts, and sweeping financial reform-but since the summer of 2009, GDP has advanced only 2.2 percent annually. One out of six men [...]

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Forecasts for the Weeks of October 13 and 20

Here are the forecasts for upcoming economic data.

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Google’s Row France – Abolish Corporate and Personal Income Taxes

Google is in a row with France about how much corporate taxes it pays. Like the Obama Administration’s outrage about businesses moving headquarters abroad, this dispute demonstrates corporate taxes, along with personal income taxes, are obsolete. Google markets ads in France, where the corporate tax rate is 33.3 percent, through an outpost in Paris that [...]

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Jobs and Obama’s Political Woes

Despite another seemingly good jobs report, President Obama’s approval rating is lower than a snake’s belly, and Republicans could retake the Senate in November. Missteps in the Ukraine, Iraq and elsewhere weigh on voters’ minds but the economy-especially the jobs picture-is not what Obama cracks them up to be.

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Forecasts for the Weeks of October 6 and 13

Here are the forecasts for upcoming economic data.

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Five Reasons Americans Can’t Find Jobs

Friday, the Labor Department is expected to report the economy added about 215,000 jobs in September, about half of what is needed each month to bring unemployment down to pre-financial crisis levels. The official unemployment rate is 6.1 percent, but that hardly provides a fair description of the jobs crisis. Not counted are prime working [...]

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Five Forces that Will Shape the 21st Century

President Obama recently proclaimed climate change, more than any issue, will define the contours of the 21st Century. Powerful men searching for legacy often evoke grand challenges and personal solutions, but climate change is only one of several forces that will make civilization different 100 years from now.

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