Silver as an investment

Category Archives: International business

The WTO: Useless For Trade, Useful For The State

Authored by Carmen Elena Dorob?? via The Mises Institute, This week WTO officials will gather in Buenos Aires for their 11th ministerial conference. There is very little hope that any of the deals on the agenda will be reached, as both the WTO’s negotiations and its dispute settlement system have long been paralyzed by political bickering […]

Mapping What Every State In America Is Best At

Company towns used to be a defining feature of the American economy. Nowadays, as Raul at HowMuch.net notes, thanks to globalization and offshoring, it is much harder to find employers that exert such influence over a small town (with a few notable exceptions). That being said, specific industries still tend to grow in clusters and can dominate the […]

Chinese Capital Outflows Return As Soon As PBOC Halts FX Intervention

Since the addition of the Chinese renminbi (RMB), i.e. Yuan, to the IMF’s SDR basket of reserve currencies last October, more than 60 countries and regions have added and adopted the renminbi as a new reserve currency, according to the latest report on renminbi internationalization by the People’s Bank of China. As a reminder, one […]

Is Trump About To Flip Again: Ryan Says “TTIP Good For Global Order”

From Obamacare to NATO, and from Ex-Im Bank to Chinese currency manipulators, President Trump has shown he is comfortable changing his mind 'bigly'. Today's exuberant support for "TTIP as good for global order," from Speaker Ryan, following VP Pence's meetings in Japan, raises questions about whether Trump's executive order withdrawing from the Trans-Pacific Partnership (TPP) […]

Trump To Sign Executive Orders Seeking To “Halt Trade Abuses”, Boost Collection Of Duties

In a reminder that Donald Trump’s trade policies – at least as he represented in the past, before surrounding himself with ex-Goldman globalists – are largely protectionist, on Friday, the US President will sign executive orders aimed at “identifying abuses” that are causing “massive U.S. trade deficits” and clamp down on non-payment of anti-dumping and […]

Dollar Tumbles On Report Trump Studying Ways To “Penalize Currency Manipulators”

Moments ago, all three main US FX pairs, the yen, euro and yuan snapped higher, following a CNBC report according to which the Trump administration is studying ways to penalize countries whose currencies it believes are undervalued. CNBC cited two unidentified people with direct knowledge of the review who work within the administration. Trump’s econ […]

Leaving The EU’s Customs Union Is The Only Logical Step For A Truly “Global Britain”

Authored by Vincenzo Scarpetta via Open Europe, As UK Prime Minister Theresa May prepares to trigger the Article 50 EU exit mechanism on Wednesday, Open Europe has published a new report, entitled, ‘Nothing to declare: A plan for UK-EU trade outside the Customs Union.’ The study concludes that leaving the EU’s Customs Union is the […]

China Imports Spike As Lunar New Year Skew Creates Biggest Trade Deficit In 3 Years

When the headline prints hit tonight on China's trade data, offshore Yuan dipped and ripped…   As China faced its first trade deficit in 3 years (-$60bn vs +172.5bn exp)… Obviously there is some major seaonality… With imports exploding 44.7% YoY (and exports missing expectations dramatically +4.2% vs +14.6% exp). But it appears the economists […]

Norway’s Fish For Brains Trade With India (Part I: Background)

Submitted by Nick Camran of Letters from Norway This is a personal story, discussing skilled immigration experiences and implications in both Norway and in the USA. I am a native born American of Indian origin having worked in both the US and Norwegian IT sectors. To translate the Norwegian references, you can right click in […]

As TPP Dies, Asian Nations Salute Their New “Free Trade” Leader: China

Over the weekend we reported that as Obama was speaking at the APEC summit in Peru, hoping to salvage his global trade legacy, the TPP, China’s President Xi Jinping officially called for the launch of the Free Trade Area of Asia-Pacific for “institutional guarantee of open economy”, a move many had expected would take place […]