Council of Councils
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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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September 23, 2005
China
Did anything really change with the RMB today?
Widening the trading band around the dollar would be a big deal. Widening the trading bands around other currencies does not strike me as a big deal. It - in a sense - just makes it easier to sti…
April 12, 2006
United States
Watch for imports to surge in March
China's March trade surplus topped $11b - and its goods exports were a very impressive $78 billion. China February surplus was about $2.5 billion, and its exports only 54.1 billion. China had an im…
April 13, 2006
Financial Markets
Abridged Roubini on oil at $70 — and not-so-abridged Setser on Petrodollars
A condensed version of Dr. Roubini's latest post:"I was wrong about the impact of $40 oil, but I'll be right about the impact of $70 oil."I know Dr. Roubini was wrong about the impact of $40 oil beca…
April 26, 2006
Did something change this weekend? Does the G-7 still matter?
I downplayed the most recent gathering of the great and good in Washington, arguing that those gathered in DC didn't really commit to the policy changes needed to avoid an another year of widening im…
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…