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That's an interesting post. Now whether economic concentration is due to currency union is not that clear. One can see economic concentration in most sectors with few companies establishing oligopoly as time goes by.

I thought you had no trust in economic news? :D

The world has worked for 170 years with fixed exchanges rates, why should the chinese follow US order to move to flexible exchange rates?

Gloups, gloups ... 14 years ago, people were expecting a rise in US interest rates!! :D Will Japan's Slump Stifle a U.S. Recovery? Posted Monday, Mar. 23, 1992 (.....) A recession in Japan could hurt the recovery by slowing demand for American products. In addition, Japanese businesses...

Yep! I would think that 10% of the gold mania which happened over the last few years is the result of lobbying, providing fake arguments for the public which are repeated over and over in forums ... till everyone is convinced that these arguments are rights without questionning their basics...

bright analysis :)

Mars is well reputed for its oxygen atmosphere ... :)

Agree. Also agree with china and india vast pool of labor. And so? Instead of making shoes, people will have spare time to make research, or work in the service industry. I don't see the problem.

yes. During 60's 70's, china was not open to foreign trade so its labor costs did not count. Like most of africa today is still not open to foreign trade. Same here in europe. Before shoes where made in france, then with the opening of trade and the break down of customs, all production moved...

two step forward, one backward, the game is still on ... (!)

On the military front, Beijing's test of the JL-2 missile, first reported in the Washington Times, marked, according to an anonymous U.S. Defense Department official, "an unexpected advance in technological capability." The JL-2's range of 6,000 miles is greater than that of any other missile in...

you also have to nuke russia, arabs countries, venezuela, france ... hihi be carefull, radioactivity does not stop at borders!!!

$5 to go lol!

If you are looking to get the same purchasing power as in 60's, oil prices are still very low. If we end up 50 years later with similar purchasing power, what was the reengineering, firing, unemployment for?

i don't care if he writes book, his article was stupid. i should have explained my statement, agreed but it takes time for me and he does not seem to come to talk about the issue, rather about marketing his view.

Total productivity increase but not productivity per hours worked. And if you look at productivity per hours worked, US does not have any hedge over european countries or japan.

yes, of course! let's take a mum who is caring about her baby. and then you take a industry female workers. GDP = industry female worker salary = 3000$ per month Then the industrial worker is becoming nany and the mum is going to work to the factory. GDP = mum salary + nany salary =...

This is the crapest post i ever read, buy an economy book.

* mode fun on* what they call market reform is increase use of debt by consummer which will end up as always in inflation. it has the opposite effect on the long term value of the currency! * mode fun off*

It is the same when south american farmers want to enter the European banana market. If EU opens its market at the WTO negociation, farmers in former carabean colonies will go out of business within few months.