AlexS

Monetary Madness: Global Margin Call Underway

How will this play out? The way I answer it is that the U.S. currently has the dominant currency. With the U.S. owing trillions of dollars to other countries, would the U.S. prefer inflation or deflation? There's your answer.

Options Trader: It's Deal or No Deal Friday

If the Chinese foreclose I vote to give them Washington D.C. and everybody in it.

Trichet, ECB Missing the Point with Crude

I basically agree with this. I think we will find that monetary policy is not a good tool vs commodity inflation. Commodity inflation is largely a supply-demand effect caused by the rapid rise of China and India. Why do European central bankers think high European interest rates will stifle the Chinese economy? If oil prices are causing problems for the economy, better to cut taxes. Let the nuclear industry build out (yes, Senator Reid, even in the U.S.).