Hao Li

1951-1980 (out of 1994)

I can't convince Americans to buy gold: Cramer

Former hedge fund manager Jim Cramer said he can't convince Americans that their government's choice to get this economy moving again is to debase its currency, so [they] need another currency, namely gold.

NY Fed chief downplays debt monetization label

William Dudley, president of the New York Federal Reserve, downplayed the charge that the Federal Reserve is monetizing U.S. government debt. The Fed is accused of doing so because it is engaged in quantitative easing.

WTO chief optimistic about global trade talks

WTO director-general Pascal Lamy said statements from G20 and APEC leaders last week “provided a clear signal that they expect the Doha Development Round to be a deliverable next year.”

Specter of Irish bailout looms

Europe's sovereign debt crisis is flaring up again and Ireland, the center of focus this time around, is pushed closer to needing a bailout.

U.S. economic policy stuck in pre-1970s era

U.S. economic policy is stuck in the pre-1970s era, which had higher population growth. Before 2008, this outdated policy caused boom-and-bust cycles. Now, it is failing to boost economic growth and possibly endangering the world financial system.

Existing govt debt is safe : EU finance ministers

On Friday at the G20 summit, finance ministers of France, Germany, Italy, Spain, and Britain issued a joint statement saying the holders of any existing euro zone government debt are safe from regulatory changes that would force them to take on additional losses.

QE2 officially begins

The much anticipated, talked about, and at times criticized program of the second round of quantitative easing has begun.

G20 Seoul summit means buy gold : Jim Cramer

Jim Cramer, a financial pundit and former hedge fund manager, said the best way of making money off the G20 Seoul summit is betting it won't go well. And one bets against the summit by buying gold, he said.

G20 Seoul summit agenda

The global currency war will likely dominate discussions at the G20 Seoul summit. Other issues on the agenda include global financial regulation, development gaps, and dealing with disruptive capital inflow and outflows.

Class struggle at the G20 summit

Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.

Where are the Fed's newly-printed dollars going?

To the dismay of policy makers, the newly-printed dollars of the Federal Reserve has not found its way to the real U.S. economy in the form of loans to small businesses and consumers. A key question is if they are sitting in the U.S. financial system or flowing to emerging market economies.

Odds stacked against peripheral Europe

Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.

Stimulus now, but is austerity even possible later?

The United States, which has not yet been punished by bond vigilantes for its enormous public debt, is keeping fiscal stimulus policies intact for the short-term. While many economists support this decision, the key question is if it will be able to enact necessary fiscal austerity measures in the future.

Did U.S. and China strike a currency deal?

Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.

Economic implications of Xi Jinping's rise to leadership

Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.

BOJ intervention: will it work?

Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.

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