Category Archives: Uncle Sam

If you can’t beat them… feed them!

On February 4th, the Treasury published its 2010 annual “Foreign Exchange Report” to Congress, where, according to the law that mandates it, it must consider “whether countries manipulate the rate of exchange between their currency and the United States dollar … Continue reading

Posted in China, Exchange Rates, Growth, Tim, Trade, Uncle Sam | Tagged , , , , , , | 1 Comment

Profits for the people!

I still have to be convinced that more than 1% of the population understands the concept of risk. That’s for individuals. Public opinion is an entity of very small rationality, and no coherence, memory nor any or the other attributes … Continue reading

Posted in Banks, Debt, Tim, Uncle Sam | Tagged , , , , | 2 Comments

A superhero’s job: rolling back liquidity

It’s a classic idea everyone has sooner or later: “Hey, why don’t I just take this really complicated toy apart and try to fix it?” There is no reason why you should be doomed to fail from the start and, … Continue reading

Posted in Fedman, Monetary policy, Uncle Sam | Tagged , , , | 1 Comment