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February 23, 2005

United States
Monty Python takes on Asian reserve accumulation

This is too good for me not to link to it.Billmon has reduced the Roubini-Setser critique of Bretton Woods 2 down to its essential elements.The Lex column in the Financial Times covers similar ground…

November 1, 2005

China
Balance of payments math for the Economist (and some thoughts on Chinese banks)

The Economist - byline Bejing, Hong Kong, Shanghai.The quote: "No country can sustainably invest more than it saves ..."As most of you know, I generally agree with that sentiment, though it is certai…

November 30, 2005

Financial Markets
Tracking petrodollars (or petroeuros) — once more

I tend to agree with Stephen Roach more often than naught.   But every now and again, I do disagree with him.  And I am not convinced that petrodollars, are well, no longer petrodollars.   That is, t…

February 28, 2007

China
Why is China’s government trying so hard to hold down China’s current living standard? And investing so much of China’s savings in depreciating assets?

Dr. DeLong is engaged is a rather spirited debate over at TPMCafe – one that mirrors the debate inside the Democratic party.  It is a debate over trade, but it also is a debate over US grand strategy…

May 5, 2009

Immigration and Migration
Swine Flu, the Drug War, and the Mexican State

As if Mexico didn’t have enough problems, it is now the epicenter of the swine flu epidemic. But there is a silver lining. The Mexican government’s handling of the epidemic should banish any notions …