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January 17, 2006

United States
Where is the trade deficit heading? How I differ from Justin Lahart (and a few others)

Justin Lahart (of the Wall Street Journal's Ahead of the Tape column) correctly called the fall in the monthly trade deficit last Thursday. But he - channeling Jim Griffin of ING investment managemen…

January 18, 2006

China
Shrewd, far-sighted and pro-growth …

India's economy policy has not been as "shrewd, far-sighted and pro-growth" as China's.  That's why Nick Kristof is betting on the former communists in Beijing, not the Oxbridge/ Reserve Bank of Indi…

March 22, 2006

China
Stephen Roach is well worth reading today

Roach has access to a slightly higher level of policy makers than either the author - or I suspect most of the readers - of this blog.   Particularly in China.   He didn't learn of Wen's critique of …

April 28, 2006

Why does China have a looser monetary policy than the United States?

We know why the global economy grew strongly in the first quarter.   Nothing changed.  Or rather, the basic pattern that has driven global growth for the past few years intensified.The US continued t…

April 30, 2006

Can the dollar block survive another bout of dollar weakness?

In case you haven't noticed, the dollar is now closer to 1.30 (v. the euro) than 1.20 - or even 1.15.  Carry is no longer king.   There is talk of a "regime change" in the fx market.  Or at least an …