$1.4 trillion out of thin air The U.S. government has created out of thin air ("manipulated" into existence if you prefer) $1.4 trillion since September 2008 (around the time of the financial crisis) to March 2010. (Source: U.S. Fed.) In December 2008, James Grant wrote an article in the WSJ criticizing the Fed "printing like mad ... and is the wrong approach with … [Read more...] about The U.S. and the Dollar in numbers; how crazy, you decide
Under U.S. pressure, the Japanese government revalued the Japanese Yen 200% from end of 1985 through early 1988 to address the trade deficit U.S. had with Japan. Did it make any difference for the U.S.? What happened to the Japanese economy as a result of that revaluation? Professor Jiang Ruiping, Chairman of the Department of International Economics, at the Beijing-based … [Read more...] about Professor Jiang Ruiping:”Revaluation of Japanese Yen, a historical lesson to draw: analysis”
In 2002, the GDP of China was 10.2 trillion yuan, and the GDP of the US was 10.6 trillion US dollar. At the year-end exchange rate, China's GDP was 11.7% of the US'. In 2007, the GDP of China was 24.7 trillion yuan, and the GDP of the US was 14.0 trillion US dollar. At the end-end exchange rate, China's GDP was 24.0% of the US'. If we assume the relative paces of the … [Read more...] about (Letter) How fast China can catch up the US in GDP? It may be faster than you think.