ZIS Economics

The U.S. currency declined most compared with the South Korean won and the New Zealand dollar, sending the Dollar Index 0.1 percent lower. The euro was poised for a weekly gain versus the yen before data economists expect to show German factory orders rose for a seventh month. The Australian dollar climbed against all but two of its 16 major counterparts after the central bank said the nation's economy will expand at more than three times the pace it forecast in August.

Switzerland's decision to start playing ball with other governments on issues like tax evasion and the arrest of Roman Polanski has destroyed the country's reputational capital, which formed the core of its banking system. If you can't safely park your cash, bearer bonds, gold, and other valuable in Swiss Banks, without a 100% iron-clad guarantee of your security and secrecy, what's the point?

Switzerland's decision to start playing ball with other governments on issues like tax evasion and the arrest of Roman Polanski has destroyed the country's reputational capital, which formed the core of its banking system. If you can't safely park your cash, bearer bonds, gold, and other valuable in Swiss Banks, without a 100% iron-clad guarantee of your security and secrecy, what's the point?

Brazil's once-troubled economy has bounced back from the global financial crisis more quickly than many. Brazil will host the 2014 World Cup and the Olympics in 2016, and is one of the best developing nations to invest in at the moment... Although nothing about exchange rates is mentioned, we can assume the Real will appreciate to many stable currencies, as all this investment in Brazil requires Reals, increasing demand for the currency. Determinants such as the higher realtive interest rates in Brazil, and the speculation I am engaging in right now should also make that happen.

What's the deal with American consumers? How, exactly, does a nation's average savings rate fall to 2%, then 1%, and then become negative, like in the US over the last couple of years? What does negative savings actually mean? It means that Americans consumer more than they actually produce.

This website contains Balance of Payments data for the United States over 2008 and 2009.

Paul Krugman tells the story of stimulus...

I'm not using this for the commentary.
The production and consumption of green goods has positive externalities.
This is why a coalition of countries aims to remove any tariffs on these green goods, in order to encourage free trade within this sector.

Taken for my commentary.
Malaysia is encouraging Chinese tire manufacturers to set up shop in Malaysia. Recently, the U.S. slapped a 35% tariff on Chinese tires to protect domestic producers. However, any tires produced by Chinese companies in Malaysia are not considered to be "Chinese" - a prime example of how Chinese firms can circumvent the new tire tariff.

The EU is practicing a protectionist policy, of taxing imports of Aluminium from China, Brazil and Armenia in order to help Greece and Bulgaria's Aluminium foil producers. These tarrifts will last 5 years, and is very damaging because of China's large market share.

MINE!!! Leave it
On Sept. 11, the Obama administration signed a resolution to increase tariffs on imported Chinese tires.

Based on this resolution, a 35 percent increase in tariffs would affect the employment of about 100,000 Chinese employees and would also result in a loss of $1 billion in exports.

The Chinese government is not only worried about the increase in unemployment but about the message the tariff is sending the rest of the world. The feeling is that this new move will produce a chain of trade protectionism.

China doesn't only have problems with US but also the EU. WITH PORK. China has placed more trade restrictions - inspections for quality. This is one of the kinds of non-tariff protectionisms we learnt...

Hey Alex, great article, can I use it?

If you're in the business of selling tires, you probably received some unwelcome news earlier this month.


A 25% to 35% tariff on passenger and light truck tires imported from China went into effect on Sept. 26, and is set to expire after three years. Two weeks earlier, President Barack Obama had said that the United States would levy the tariff to account for a market disruption caused by an increase in imports.

This is my article that i want to use please do not use it.

VIDEO: JOSEPH STIGLITZ

James Surowiecki spoke with Professor Joseph Stiglitz, the Nobel Prize-winning economist, about the mishandling of the financial crisis, the relationship between government and markets, and the future of capitalism around the world. They met last month at Stiglitz's office at Columbia University.

Europe has imposed a five-year anti-dumping duty on seamless steel pipes and aluminum foil from China.
The China Steel Industry Association of course opposes this tariff because it will hurt the steel industry and cause unemployment.

In Vietnam the seafood processing plants have the capacity to process more fish than what the seas around Vietnam can provide. The exporters of Vietnamese seafood want the government to lower import tariffs on unprocessed seafood so that they can export a greater quantity. This comes after Spain announced that Vietnamese seafood meets the EU standards for hygiene They have been importing 400,000 tones per year of Vietnamese seafood.

Argentina is carrying out anti-dumping measures against China on polyester, textile threads and table wares. They are appyling aminimum custom value of $4.65 meaning that products imported at a lower price than this will be taxed to protect Argentinan workers. Similar measures are being imposed on Taiwan, India and Indonesia.