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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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August 9, 2007
China
The balance of financial terror, circa August 9, 2007
Back in early 2004, former Treasury Secretary Lawrence Summers highlighted the emergence of what he termed the "balance of financial terror." China – and others – relied on the US for demand that t…
February 4, 2007
Financial Markets
The mechanics of the carry trade, revealed … (sort of)
Andrew Rozanov of State Street knows a thing or two about how official institutions manage their money (that is a big part of his current job) and a thing or two about Japan (he was based in Tokyo fo…
February 20, 2009
China
China’s Resource Buys
Note: This post is by Rachel Ziemba of RGE Monitor (where this first appeared) thanks again to Brad for letting me fill in while he’s on vacation. note: I’ve made a slight update to the discussion o…
April 13, 2015
Politics and Government
Campaign 2016: Former Secretary of State Hillary Clinton, Democratic Presidential Candidate
Pakistan has had one. So have Great Britain, Indonesia, Poland, Ukraine, and four dozen other countries. Argentina, Brazil, and Germany have one right now. But the United States has never had a woman…
September 17, 2007
Financial Markets
The first true twenty-first century financial crisis?
Larry Summers – picking up on a phrase perhaps first used by Michel Camdessus -- liked to call the Mexican crisis the first financial crisis of the 21st century. Mexico’s decision to exhaust its re…