BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Nine Reasons for Slow U.S. Economic Growth]]>http://www.bloggingstocks.com/2010/12/10/nine-reasons-for-slow-u-s-economic-growth/http://www.bloggingstocks.com/2010/12/10/nine-reasons-for-slow-u-s-economic-growth/http://www.bloggingstocks.com/2010/12/10/nine-reasons-for-slow-u-s-economic-growth/#commentsFiled under: , , ,

In my new book, The Age of Deleveraging: Investment Strategies for an Era of Slow Growth and Deflation, I discuss nine reasons for slow U.S. economic growth and real GDP gains of about 2% annually in the long run.

1. U.S. consumers will shift from a 25-year borrowing-and-spending binge to a saving spree. This will spread abroad as American consumers curtail the imports of the goods and services many foreign nations depend on for economic growth.

Continue reading Nine Reasons for Slow U.S. Economic Growth

Nine Reasons for Slow U.S. Economic Growth originally appeared on BloggingStocks on Fri, 10 Dec 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Age of Deleveragingcommoditiesconsumer spendingdeflationdeleveragingeconomic growtheconomic recoveryfeaturedfiscal restraintGary ShillingGDPglobal economyhousingprotectionismregulationFri, 10 Dec 2010 12:30:00 EST<![CDATA[U.S. Slaps Duties on Chinese Steel]]>http://www.bloggingstocks.com/2010/01/03/u-s-slaps-duties-on-chinese-steel/http://www.bloggingstocks.com/2010/01/03/u-s-slaps-duties-on-chinese-steel/http://www.bloggingstocks.com/2010/01/03/u-s-slaps-duties-on-chinese-steel/#commentsFiled under: , , , , ,

China has been dumping steel piping onto the U.S. market. In 2008, imports of steel piping from China totaled 2.8 billion dollars. Between 2006 and 2008, Chinese pipe imports surged 203%.

China has been accused of dumping steel piping onto the U.S. market at below-market prices. The result has been the the U.S. has had to cut steel pipe and tubing production by 40%.

Continue reading U.S. Slaps Duties on Chinese Steel

U.S. Slaps Duties on Chinese Steel originally appeared on BloggingStocks on Sun, 03 Jan 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ChinainthenewsITCprotectionismtrade warUS slaps duties on Chinese steelSun, 03 Jan 2010 10:30:00 EST<![CDATA[Brazilian president warns of protectionist dangers]]>http://www.bloggingstocks.com/2009/03/17/brazilian-president-warns-of-protectionist-dangers/http://www.bloggingstocks.com/2009/03/17/brazilian-president-warns-of-protectionist-dangers/http://www.bloggingstocks.com/2009/03/17/brazilian-president-warns-of-protectionist-dangers/#commentsFiled under:

With "Buy American" policies in the stimulus package, one of the worst things to come out of the recession is a return to protectionist trade policies and a belief that "keeping the money over here" is the best thing for the United States economy.

Brazilian President Luiz Inacio Lula da Silva blasted protectionist trade policies in a speech to bankers and business leaders in what Bloomberg is calling "his most high-profile defense to date of free trade, which he says is necessary to protect jobs in poor countries beset by the global crisis."

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Brazilian president warns of protectionist dangers originally appeared on BloggingStocks on Tue, 17 Mar 2009 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BrazilEconomicsProtectionismTue, 17 Mar 2009 09:00:00 EST<![CDATA[Europe takes the lead in regulation of financial institutions]]>http://www.bloggingstocks.com/2009/02/22/europe-takes-the-lead-in-regulation-of-financial-institutions/http://www.bloggingstocks.com/2009/02/22/europe-takes-the-lead-in-regulation-of-financial-institutions/http://www.bloggingstocks.com/2009/02/22/europe-takes-the-lead-in-regulation-of-financial-institutions/#commentsFiled under: , ,

European leaders of the Group of 20 took the first step in market regulation. The leaders said that all financial products, including hedge funds must be regulated.

The leaders also said that the resources of the International Monetary Fund must be doubled to $500 billion. British Prime Minister, Gordon Brown, said that the increased funds should be used to help Eastern European economies.

Members who were polled agreed that "all financial markets, products and participants including hedge funds and other private pools of capital which may pose systemic risk must be subjected to appropriate oversight and regulation."

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Europe takes the lead in regulation of financial institutions originally appeared on BloggingStocks on Sun, 22 Feb 2009 17:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EuropeG20Gordon Brownhedge fundsinthenewsprotectionismregulation of financial institutionsSun, 22 Feb 2009 17:10:00 EST<![CDATA[Global trade growth seen continuing despite WTO setback]]>http://www.bloggingstocks.com/2008/08/01/global-trade-growth-seen-continuing-despite-wto-setback/http://www.bloggingstocks.com/2008/08/01/global-trade-growth-seen-continuing-despite-wto-setback/http://www.bloggingstocks.com/2008/08/01/global-trade-growth-seen-continuing-despite-wto-setback/#commentsFiled under: , , ,

Just call it 'two steps forward, one step back' for the global trade talks.

The collapse of the World Trade Organization's trade talks this week without an agreement is a setback, economists contacted by BloggingStocks agreed, but it is not likely likely to prevent international trade from growing in 2009.

The nine-day talks in Geneva -- aimed at completing the Doha Round -- collapsed Tuesday after the United States and the European Union could not reach an agreement with China and India on what constituted acceptable tariffs for food imports, The New York Times reported Wednesday. The U.S. and E.U. say China and India wanted to impose prohibitively high tariffs. China and India counter that they were insisting on safeguard rules to protect their food supplies.

Economist Glen Langan told BloggingStocks the elimination of food import tariffs would have resulted in more-efficient deployment of resources, and, ultimately, lower food prices for consumer around the world, along with increased the increased commerce that trade brings. "The failure of the talks is a real loss for consumers in China, India and in the U.S. and Europe," Langan said. "It will also really hurt low cost food producers in Brazil, Argentina, Australia, New Zealand and South Africa. Ultimately, China and India will have to relent, or the west may begin to complain about free trade conditions for manufacturing and services. That manufacturing free trade policy has been the source of a considerable amount of China's and India's economic growth."

Continue reading Global trade growth seen continuing despite WTO setback

Global trade growth seen continuing despite WTO setback originally appeared on BloggingStocks on Fri, 01 Aug 2008 17:14:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ArgentinaAustraliaBrazilChinaDohaDoha RoundEUEuropean Unionexportsgdpglobal economyglobalizationimportsIndiainthenewsNew ZealandprotectionismSouth AfricatariffstradeUnited StatesUSWorld Trade OrganizationWTOFri, 01 Aug 2008 17:14:00 EST<![CDATA[Martin Wolf: Making the United States safe for globalization]]>http://www.bloggingstocks.com/2008/06/02/martin-wolf-making-the-united-states-safe-for-globalization/http://www.bloggingstocks.com/2008/06/02/martin-wolf-making-the-united-states-safe-for-globalization/http://www.bloggingstocks.com/2008/06/02/martin-wolf-making-the-united-states-safe-for-globalization/#commentsFiled under: , , ,

The ever-incisive FT columnist Martin Wolf reminds us that while globalization's prize is plus-sum (everyone gains), as opposed to zero-sum (Country A gains only if Country B loses), it is not perfect sum (there are costs) nor egalitarian sum (everyone gains equally).

The biggest advantage of globalization, in Wolf's view? The spread of prosperity, including a wider distribution of innovation and bigger opportunities for profitable exchange/trade. Also valuable, although not guaranteed, Wolf says, is increased political stability in previously impoverished countries.

Globalization marches on

Further, in the globalization era's first decade, the United States can't do anything to halt the flow of ideas, and the diffusion of knowledge, skills, technology systems, and so forth, Wolf argues. Or at least the United States can't do anything decent to stop globalization.

Continue reading Martin Wolf: Making the United States safe for globalization

Martin Wolf: Making the United States safe for globalization originally appeared on BloggingStocks on Mon, 02 Jun 2008 18:25:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>2008 electionChinaClintoncorporate Americaemerging marketsexportsGDPglobalizationimportsincome taxesIndiaMcCainObamaprotectionismpublic policytaxestradeUnited StatesMon, 02 Jun 2008 18:25:00 EST<![CDATA[Paulson: China, yuan out-of-step with markets]]>http://www.bloggingstocks.com/2007/11/12/paulson-china-yuan-out-of-step-with-markets/http://www.bloggingstocks.com/2007/11/12/paulson-china-yuan-out-of-step-with-markets/http://www.bloggingstocks.com/2007/11/12/paulson-china-yuan-out-of-step-with-markets/#commentsFiled under: , , , , , ,

U.S. Treasury Secretary Henry Paulson, along with European Central Bank President Jean-Claude Trichet, are expected to continue to press Chinese officials to allow faster appreciation of China's currency, the yuan. They plan to do this when they meet in China later this month. Some Washington policy analysts will be arguing that China needs to implement substantial currency reforms at the meeting to fend-off rising protectionist sentiment in the U.S. Congress.

China's currency, the yuan, traded Monday at about 7.45 yuan to the U.S. dollar. China does not allow its currency to freely float (i.e. be determined by market forces) and instead keeps the yuan in an artificially-low, tight, trading-band. Further, although China has agreed to let the yuan float at some point in the future, its efforts to enable the yuan's price to reflect market conditions has been slow - - too slow in the view of the United States and the European Union - - and helped create an artificial competitive advantage versus the two other economic regions.

China's currency will be discussed by Paulson, Trichet and other European officials in China this month and at the third round of the Strategic Economic Dialogue between China and the U.S. in December.

Continue reading Paulson: China, yuan out-of-step with markets

Paulson: China, yuan out-of-step with markets originally appeared on BloggingStocks on Mon, 12 Nov 2007 18:57:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AsiaChinaconsumer spendingdollareuroEuropeEuropean Central BankexportsfeaturedimportsPaulsonprotectionismtradetrade deficitTrichetU.S. CongressU.S. Federal ReserveU.S. TreasuryyuanMon, 12 Nov 2007 18:57:00 EST<![CDATA[China's continuing giga-GDP growth]]>http://www.bloggingstocks.com/2007/10/28/chinas-continuing-giga-gdp-growth/http://www.bloggingstocks.com/2007/10/28/chinas-continuing-giga-gdp-growth/http://www.bloggingstocks.com/2007/10/28/chinas-continuing-giga-gdp-growth/#commentsFiled under: , ,

Wangfujing street in Beijing.In the weeks ahead, BloggingStocks will take an in-depth look at China's economic expansion, its impact on the global and U.S. economies, and also review a few stocks likely to benefit from China's development.

China's announcement that its economy grew at annualized rate of 11.5% in Q3 has done nothing to quell economists' concerns that its economy is growing too fast for both the betterment of its mainland citizens and international markets/commerce.

China's government points to a "successful" slowing of the economy in Q3 to 11.5% from 11.9%. But the minor GDP drop was not what economists were looking for. Economists would have rather seen a Q3 GDP growth rate of 8% or 9% -- i.e., a 15%-25% drop in the rate of growth as evidence of a slower economy. Further, little in China's Q3 report indicated that the country is correcting macroflaws in the economy -- namely, too much heavy industry, high energy use, and a dependence on export sales, to go along with another serious flaw: domestic underconsumption.

Regarding the latter, China has taken some measures to help its middle class expand, and domestic consumption is rising. But domestic consumption still is not large enough: China said domestic consumption has accounted for about 37% of economic gains so far in 2007, down from 39% in 2006. In other words, China is still not at a point where consumer spending can support its economy, and also stimulate growth in other countries through the purchase of foreign goods and services.

Continue reading China's continuing giga-GDP growth

China's continuing giga-GDP growth originally appeared on BloggingStocks on Sun, 28 Oct 2007 19:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Asiabalance of paymentsChinacurrenciescurrency rateseuroEuropefeaturedforeign exchangeGDPglobal economyinternational tradeInternationalTradeprotectionismtariffstradetrade deficitU.S. dollarUnited StatesyenyuanSun, 28 Oct 2007 19:01:00 EST<![CDATA[Protectionism politics]]>http://www.bloggingstocks.com/2007/10/10/protectionism-politics/http://www.bloggingstocks.com/2007/10/10/protectionism-politics/http://www.bloggingstocks.com/2007/10/10/protectionism-politics/#commentsFiled under: ,

As CNBC hosted a presidential debate targeting the business audience, the issue of protectionism, or the economic policy of restraining trade between nations, was raised in a number of ways: Why do we have trade deficits? Why do both heads of a household need to work versus one? Why do people have to work so many more hours to live at the same standard of living as their parents? Why is the U.S. dollar weak? This is a debate that will only intensify as the Republicans and Democrats pick their candidates to face-off against each other.

Utilizing protectionism as the political hot button for a presidential campaign always carries the risk of unintended consequences. A candidate could actually convince the American people that protectionism could work, as the merits of globalization can often be hard to communicate and are often only understood after having experienced the economic limitations of protected borders.

The irony of CNBC's debate is that it was hosted in Michigan. This is the U.S. state which has stuck most closely to strong unionization and attempts to limit competition, and has also registered some of the weakest economic growth in the U.S. since the shift from a manufacturing to a service economy began some twenty-five years ago.

Senator John McCain brought up the Smoot Hawley Tariff Act which led to the Great Depression and World War II during the debate. Closed borders equal closed minds which translates into some bad economic times. The temptation of protectionism is one that must be avoided.

Protectionism politics originally appeared on BloggingStocks on Wed, 10 Oct 2007 15:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CNBCdebatedepressiondollareconomic policyEconomicPolicyJohn McCainJohnMccainpresidential debatePresidentialDebateprotectionismunionWed, 10 Oct 2007 15:15:00 EST