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September 23, 2004

United States
The currency strategist at Morgan Stanley might want to talk to the chief economist at Morgan Stanley

Steve Johnson’s market insight column in Thursday’s Financial Times keys off Morgan Stanley’s currency strategist Stephen Jen’s argument that "As long as Asia insists on staying inside this dollar ar…

March 4, 2005

Emerging Markets
A few lessons for Mary Anastasia O Grady

I do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…

October 11, 2005

Budget, Debt, and Deficits
W makes LBJ look like a fiscal conservative.

So says Jim Cramer. LBJ, to his credit, believed that there were limits to profligacy and that taxes had to be raised. Not President Bush. He's making Johnson look like a fiscal conservative, what wi…

December 4, 2005

Financial Markets
The yen, for a change

The yen's trajectory at the end of 2005 seems a bit like the dollar's trajectory at the end of 2004.   With the yen at 120, companies like Toyota presumably have little incentive to ramp up their US …

December 4, 2005

Financial Markets
At last, some real evidence to back my argument on petrodollars

The Bank for International Settlements (BIS) has spoken; OPEC's dollar holdings are up and its euro holdings down. The prolific Steve Johnson in the Financial Times: Middle Eastern oil exporters hav…