dollar   2584

« earlier    

Salesman Cleared in $2 Billion African Scam in Blow to U.S.
There, too, they argued that the transactions had passed through the East River and were therefore governed by the Eastern District, in Brooklyn, as well as the Southern District, in Manhattan. In that case, they won two convictions.
finance  dollar  jurisdiction 
5 days ago by yorksranter
How to diagnose your own Dutch disease | FT Alphaville
Is being the Saudi Arabia of money good for America?

So let's go back to the original research on Dutch disease. We have a basic model of an economy where the export of a single commodity raises the exchange rate, discouraging the export of manufactured goods. If the commodity is the dollar, then demand for the dollar raises the value of the dollar itself — this isn't too hard to wrap our heads around, and since 1980 the dollar has appreciated, even as the US has declined as a share of global GDP.

We'd expect to see inflation in nontradable services, like medical care and college tuition, but not in tradable goods, like t-shirts and TV sets. And we'd expect a decline in the value added to GDP from manufacturing. None of these are dispositive, and Alphaville is sadly not an econometrician. But they have all happened.

It gets more interesting when we look at the more recent research on Dutch disease, around institutions and inequality. The federal government alone controls over the most important dollar-producing lode: Treasuries. Foreign central banks treat US federal debt obligations like money. It's liquid, holds its value, and is denominated in dollars. And when people in capital markets say they're "going to cash," they don't actually buy dollar bills. They buy Treasuries.

So if the US has Dutch disease, from reading Robinson et al (2006) we'd expect for the value from the creation of new federal debt to be distributed as patronage, to a small group of people with access to power. We'd expect the federal government to over-produce debt, without considering long-term value or sustainability of production. And we'd expect the right to produce debt to raise the value of being in power.

This is a fair description of the Tax Cuts and Jobs Act of 2017.
inflation  money  currency  dollar  finance 
7 weeks ago by max_read
The high price of dollar safety
Raising the price of a luxury good is unlikely to discourage demand for it: indeed taxing DDSAs could even increase demand in much the same way as the Fed tightening monetary policy does, since it would send a clear signal that the US government wished to reduce the supply. So gross dollar inflows would increase and the dollar exchange rate would rise.

Alternatively, we can regard dollar safety as an essential good for which demand is completely inelastic because there are no substitutes for it. In this scenario, too, dollar inflows would increase and the dollar exchange rate would rise. Thus the Bill's aim could only be achieved if investors stopped looking for dollar safety. Frankly, given the present political turmoil, they are more likely to emigrate to Mars.
dollar  currencies  tradewar  finance  economics 
september 2019 by yorksranter
Opinion | Elizabeth Warren’s Radical Plan to Fix the Dollar - The New York Times
Several economists have estimated that the dollar must fall by roughly 27 percent in order to rebalance trade flows in three to five years. Such a revaluation is possible, however, and there are different means to accomplish this // very odd that this plan to *devalue* by 27% is described as revaluation!
dollar  currencies  economics  trade  warren 
june 2019 by yorksranter
Opinion | Elizabeth Warren’s Radical Plan to Fix the Dollar - The New York Times
Wall Street’s self-interest should not be allowed to stand in the way of finally fixing it.
dollar  currencies  Wall  Street  economics  Warren  Trump 
june 2019 by KMP
The Iconic Dollar Pizza Slice of NYC - Street Food Icons - YouTube
Scott Weiner from this video (around ≈2:40) confirms that if pizza is over 170°, it’ll burn your mouth.
pizza  youtube  2019  dollar  nyc 
may 2019 by handcoding

« earlier    

related tags

$1  $100  $2.3  $320  'million  -  10  1970s  2012  2018  2019  390  4th  50  a  advertising  aesthetics  affects  age  amazon  america  americans  america’s  and  angular  anna  anniecorreal  anyway?  apple  are  article  as  astuciousthief  at-risk  au  audi  australia  averaging  baby:  bad  balance  banking  basics:  bathroom  bazley  be  bean  becomes  ben  best  big  biggest  bill  billet  billion  bitcoin  bitcoinisbetter  blockchain  blogger  bonds  book  books  boost  brand  brettonwoods  bus  business  by  capitalism  capture  carbon  cards  carter's  catalog  cbs  centralbank  chair  cheese  children  china  chris_hedges  class  club  colson_whitehead_assignment  comes  comicios  company  competition  computers  conventions  coolsculpting  copy  correction  costs  crash  credit  cryptocurrencies  cryptocurrency  currencies  currency  cvs  darius  data  date  deal  debit  debt  decor  deflate  delete  denzer  diamond  dictate  digital  disruption  distressed  diy  do  dolar  donation  donations  done  dudes  dxy  e  economic  economics  economies  economy  economía/venezuela  edubayer  elephant  equivalent  erotic  eu  eur  euro  europe  eurusd  event  examples  exchange  exchangerates  experience  families  family  feb  fed  fewer  finance  financialcrisisof2008  first  following  for  forex  forexlesson  forexsignals  forextrader  format  former  fortune  forum  from  future  game  gapminder  gates  gave  germany  get  glam  global  gnu  go:  gold  good  gov  grep  growth  harriet  has  here  his  history  home  hope  how  ibm  ibuprofen  if  ifttt  imf  immune  imperialism  in  income  industry  infant  inflatable  inflation  initiative  innovation  institute  international  interview  iran  is  it  italy  itsnicethat  javascript  jerome  joint  jordan  june  jurisdiction  ketchup  kissmetrics  lebron  lh  library  life  like  linux  london's  loss  love's  macro  makes  market  marshallplan  mass  matters  mav  md  michael  micro-currency  mile'  military  million  mine  mirror  mises  mistake  mixpanel  money  money;  moron  multi-million  naming  nations  needsediting  neighborhoods  neoliberalism  new  next  night  nixonrichard  note  now  number  nyc  nytimes  of  oil  oil’s  on  one  open  or  orders  packt  paperbook  part  party  pboc  photos  pictures  pizza  plate  plays  pockets  policy  politics  powell  precision  prepaid  present  press  products  protection  pub  publication  putting  queer  recall  remittance  reserve  responsibility  retail  retweet  ripple  risk  rmb  room  rooseveltfranklin  rosling  rupee  russland  rxjs  sale  scam  seen  shave  shelves  shop  show  showcase:  shutter  sibos  sign  signs  simple  singapore  skin  smelling  south  speed  spelling  stability  stamp  statistics  stay  stellar  stew  still  stimulus  stocks  store  stores  street  strike  strip  strong  style  subsidies:  sudan  super  swift  tariffs  that  the  their  they  thrive  tightening  time  to  token  town  trade  tradewar  transfer  transportation  travel  tree  trillion  trumanharry  trump/donaldjohn  trump  trumponomics  tubman  turkey  twenty  u.s.  us  usa  usd  use  value  van  vans  venezuela  venezuela:opposition  very  vs.  wall  walmart  wants  warren  warrent-buffett  weaker  wealth  wealthy  when  why  wikipedia  will  with  work  world's  world  worldbank  worldwarii  worry?  worth  would  wrap  xkcd  york  youtube  |   

Copy this bookmark:



description:


tags: