How Low Can the Euro Go?

Staff / Truthdig May 17, 2010 The answer to the headline question, at least on Monday, would be $12234, as the euro dropped to its lowest point in four years As this CNN report puts it in somewhat startling terms, " Ongoing debt concerns prompted a flight to the safety of the US dollar". Dig deeper ( 1 Min. Read )

What’s Euro Problem?

Staff / Truthdig May 5, 2010 The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece's impending bailout apparently isn't settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late. Dig deeper ( 1 Min. Read )

China About to Bump Japan as the No. 2 Economy

Staff / Truthdig Jan 21, 2010 Even in the face of the global economic crisis, China's economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world's second-biggest economy. Dig deeper ( 1 Min. Read )

China Becomes New World Export Leader

Staff / Truthdig Jan 10, 2010 China is heading into the Year of the Tiger with a roar. Last week it was announced that China has surpassed the U.S. as the world's biggest auto market, and this week Chinese state media is reporting that the country's exports leaped 17.7 percent in December, overtaking Germany as the global leader. Dig deeper ( 1 Min. Read )

When in Economic Trouble, Invent a Gold Mine

William Pfaff / Truthdig Dec 11, 2009 Economist Joseph Stiglitz says the International Monetary Fund should create a new reserve currency, rather like declaring that a massive gold mine has been discovered under the IMF building. Dig deeper ( 3 Min. Read )

Inflation Runs at a 26-Year High

Staff / Truthdig Jul 16, 2008 The once-mighty US dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices Prices U consumers pay shot up 11 percent in June -- or more directly, your paycheck just got 11 percent smaller. Dig deeper ( 1 Min. Read )

Colbert and the Anti-Penny Crusader

Staff / Truthdig Apr 11, 2008 You may not have given the penny much thought, but it turns out that the least of our currency is essentially worthless and wastes Americans a surprising amount of money and time. Anti-penny advocate Jeff Gore would like to do away with the coin altogether -- and he has a plan. Dig deeper ( 1 Min. Read )

Money Problems

Mike Luckovich / Truthdig Nov 20, 2007 Dig deeper

The New British Invasion

Staff / Truthdig Nov 19, 2007 With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers. Dig deeper ( 1 Min. Read )

‘Liberty Dollar’ Crackdown

Staff / Truthdig Nov 19, 2007 Ron Paul may not be ahead in the polls, but he's probably the only presidential candidate who already has his face on a coin. The feds have seized a cache of gold, silver and copper "liberty dollars" bearing Paul's visage. Other than a mutual distaste for the Federal Reserve, the Republican candidate has no relationship with the makers of the coins. Dig deeper ( 1 Min. Read )

India Snubs the Dollar

Staff / Truthdig Nov 17, 2007 The dollar has simply fallen too low for India, which will no longer accept the greenback at its many tourist sites, including the Taj Mahal. Tourism ministry officials said they had to move quickly in order to protect Indian revenues from the dollar's free fall. Remember when the dollar was like gold in the developing world? Dig deeper ( 1 Min. Read )

Monopoly Money

Tab, The Calgary Sun Nov 12, 2007 Dig deeper