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Archive for the 'international' Category

Social Promotion

Wednesday, October 14th, 2009, by

That’s the term teachers and school administrators use when they advance the dim and failing students to the next grade level…even when they have not qualified for promotion. It was certainly one very effective way to make sure no child was left behind… …and it avoided the accountability trap that was later set when objective […]

China Flexes Its Muscle

Monday, October 5th, 2009, by

October 1st marked the sixtieth anniversary of China’s independence. If that’s what you could call it. Like most observers, I’ve been overwhelmed by the changes that have taken place in the past thirty years…in contrast to the constant upheavals that marked China under Mao. Deng Xiaoping, the essential pragmatist who inherited power after the gang […]

The New World Order

Wednesday, September 30th, 2009, by

Investing insights range far beyond the arcane world of financial statements and Federal Reserve policy decisions. The foundation for investment is an economic order based on private property rights, the sanctity of contract law…and most importantly… Peace and Stability I’m now tracking a highly volatile global security issue that threatens to be the dominant theme […]

The Dollar Gets Hammered

Wednesday, September 16th, 2009, by

The signals on inflation are at odds with each other. On the one hand, as measured by the consumer price index, prices are mildly deflationary. This is the metric that determines price adjustments on everything from semi-annual U.S. Government Inflation Protected Bond interest rates to annual Social Security cost of living¬† adjustments. Speaking of which, […]

Will the last one to leave please turn off the lights?

Friday, September 4th, 2009, by

That was what one wag put up on a billboard on Interstate 5 in Seattle in 1970, when that year’s recession put Boeing in a tailspin, causing massive layoffs. There was no Microsoft in Seattle then to take up the slack at the time….that company launched in 1975–at the tail end of the 1973-75 recession. […]

Flight Capital

Friday, August 28th, 2009, by

That’s what they call the seepage of hard currency and portable wealth assets as they flee confiscatory regimes. Think of the collapse of Czarist Russia in 1917, or China under Mao in 1949, or Venezuela under Hugo Chavez. And then think of London.¬† Right now. A recent article in the Wall Street Journal, “New UK […]

Not-So-Secret Swiss Bank Accounts

Thursday, August 27th, 2009, by

What to make of UBS (formerly Union Bank of Switzerland) caving in to U.S. demands to identify their American secret bank account clients? Well…obviously….this is not your father’s Switzerland. The first wave of expatriated wealth transferred to Switzerland from America was ignited by the confiscation of private gold holdings during the first activist days of […]

Why Does U.S. Lag Foreign Markets?

Wednesday, July 8th, 2009, by

The first section I turn to in the Wall Street Journal every morning is page 4 of the Money and Investing Section. This is a target-rich environment, that boils down essential market data from the global equity and commodity markets, allowing for ready comparisons. As of the market close on July 2nd, here were two […]