Posts Tagged ‘ Iraq ’

Will Europe suffer the Swiss Syndrome? What impact on the European and U.S. economies may diversification of central bank reserves into euros have?

November 18, 2003
By

International Economy Diversification of central bank reserves into larger holdings of euros is much in the news these days. Quite apart from the widening U.S. trade and payments deficit, the Iraq war has created a backlash that has led some Arab and Islamic politicians to urge OPEC countries to price and sell their oil...

Read more »

The Coming Financial Reality

July 11, 2003
By

An Interview with Economist Michael Hudson for Counterpunch By STANDARD SCHAEFER The war in Iraq is allegedly over, interest rates are going lower and there are rumors of recovery although the economy is still in the doldrums. A Bush is president, but an election is around the corner. It sounds a bit like the...

Read more »