Lots of folks in Washington don’t think the Bush Administration and the Congress are serious about cutting the fiscal deficit, and reducing the strain the federal government places on anemic US savin…

Note: Title credit goes to Jeff Frankel, who moderated a panel I participated on.Paul Wolfowitz just took over at the World Bank. He already seems to have indicated that is not going to follow Desmo…

The CNOOC bid presumably is motivated by two things. One, Beijing has plenty of cash, and already holds more Treasuries than it wants, so it wants to diversify its portfolio. As I argued earlier, C…

Xie to the market (and to the US): Take your 2% and stop telling China to revalue! Here is the difference between Xie and me, put simply. Xie thinks the US is trying to get China to "artificially"…

is at least making the right noises ...  The informal institutions that help govern the global economy - institutions like the G-7 -- do need to evolve.   So do the formal institutions for global e…