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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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March 9, 2005
Emerging Markets
Brad DeLong covers the Argentine crisis, in one night
DeLong is clearly working his way through Paul Blustein’s book on Argentina. Martin Wolf has a column on Argentina’s restructuring in yesterday’s Financial Times, which I quite liked, for rather obv…
September 16, 2005
Economics
Happy (late) blog birthday
It has been a bit over a year since I started doing this. I did not anticipate the blog would generate half the audience it has. I often have focused on relatively obscure topics: the global bala…
July 31, 2006
Financial Markets
Growth slowing, oil rising … not good
If Roubini hasn’t done enough to convince you that the US is at risk of a slump … check out Calculated Risk. A big fall in residential investment would put something of a dent in the US economy.An…
April 25, 2007
Economics
Five observations: all loosely tied to yen and dollar weakness and the swelling coffers of the emerging world
One. Yes, Virginia, exchange rates do matter … Japan’s trade surplus is rising. Its current account surplus should be rising even more, as its interest income should be increasing too. The MoF is …
June 1, 2007
Monetary Policy
$45b for China in April, at least $33b for Russia in May — global reserve growth remains exceptionally strong
China’s reserves apparently increased by $45b in April, rising to $1247b.Krzysztof Rybinski of Poland’s National Bank asks what fraction of China’s April increase is real and what fraction comes from…