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August 25, 2005

Capital Flows
Peter Galbraith and Iraq

I think the folks over at TPM Café are right: David Brooks' latest New York Times column is a real flip-flop.  He has gone from celebrating the United States firm commitment to universal democratic p…

September 15, 2005

Monetary Policy
Is Asia still accumulating reserves in financial self defense?

I think it is fair to say that I profoundly disagree with this week's Economics Focus column in the Economist, and therefore, I suspect, with the underlying Genbert, McCauley, Park and Persaud paper…

October 2, 2005

Capital Flows
A consequence of saying no to China’s (oops, CNOOC’s) bid for Unocal?

Or just the natural result of expectations that China's demand for imported energy will soar in the future?  Probably a bit of both. China clearly has no particular desire to export democracy, or ev…

April 7, 2006

Financial Markets
Reality-based analysis of the oil exporters’ contribution to an unbalanced world

I am not a big fan of arguments not well grounded in data.Like the now immensely outdated argument that China's bilateral surplus with the US is offset by bilateral deficits elsewhere.   Right now Ch…

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April 15, 2006

China
Have China’s manufacturing powers been exaggerated?

In a word, no.Many in the economics blogosphere have mentioned Guy de Jonquieres recent FT column, Which argues that the US - not China - is the world's manufacturing powerhouse.  And usually in a fa…