Felix Salmon – who has long followed emerging market debt for Euromoney – has started blogging for RGE. He wants to do a real bloggy-blog. Lots of updates. Short, sharp comments not lengthy diatribes ... and so on.
Clearly, he didn’t take lessons from me or from Nouriel.
He also has already managed to provoke a few reactions from me – He almost bought Dr. Cowen’s arguments on China
, for example, and seems to think OPEC is irrelevant
. Tis true that OPEC hasn’t shown much capacity to act collectively. But right now I rather suspect that the Saudis have enough market power to act “to stabilize” oil markets on their own … OPEC may not matter, but I suspect the Saudis matter rather more than in the past.