They are doing better, but we've seen these packages in the past and it remains to be seen how much impact there will be in this package, ... But at least they're doing something and that's a plus.
"Robert D." ""Bob"" "Hormats" is Vice Chairman of Kissinger Associates. Immediately prior he served as Under Secretary of State for Economic Growth, Energy, and the Environment (at the time, entitled Under Secretary of State for Economic, Business, and Agricultural Affairs) from 2009 to 2013. Hormats was formerly Vice Chairman of Goldman Sachs (International), which he joined in 1982. He served as Senior Deputy Assistant Secretary, from 1977 to 1979, and Assistant Secretary of State, from 1981 to 1982, at the Bureau of Economic and Business Affairs (formerly Bureau of Economic, Energy, and Business Affairs). He was Ambassador and Deputy U.S. Trade Representative from 1979 to 1981. He served as a senior staff member for International Economic Affairs on the United States National Security Council from 1969 to 1977, where he was senior economic adviser to Henry Kissinger, General Brent Scowcroft and Zbigniew Brzezinski. He helped to manage the Nixon administration's opening of diplomatic relations with China's communist government. He was a recipient of the French Legion of Honor in 1982 and the Arthur S. Flemming Award in 1974.
More Robert Hormats on Wikipedia.Any country that seems to have a slightly overvalued currency gets whacked by speculators. People go after the ones they think will be the weakest.
The U.S. is better off because we would not be selling very much to Mexico today if the Mexican economy were in crisis. In fact, we are selling more to Mexico today than before the crisis occurred.
There is a strong, long-term American interest in closer economic, trade and financial relations with China, ... Business Day.
The market is beginning to focus on the huge U.S. trade imbalance and there is a view that as growth picks up in Japan and interest rates go up, a lot of the money coming from Japan to the U.S. will not come as rapidly into the U.S. securities markets, ... Before Hours .
They were negotiating from a weaker position ... It would have been hard to defend some of these practices.
It is already putting downward pressure on the dollar and that will be a concern so they'll have to talk about trade and they'll have to talk about exchange rate stability.
A lot of these countries owe money to [U.S. banks] in dollars and yen and, therefore, our financial institutions may find it a little more difficult to collect on some of that money.
They're doing what's proved to work in the past, which is to tighten rates.
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