246 Results for:

June 28, 2005

Financial Markets
C. Peter McColough Roundtable Series on International Economics: A Conversation with John Snow

The C. Peter McColough Roundtable Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

January 8, 2005

Has the broad dollar fallen enough

A standard rule of thumb, mentioned by Paul Blustein in his excellent look at the impact of a falling dollar on US trade last week, is that a 10% fall in the broad dollar leads to a $100 billion fall…

January 26, 2005

Financial Markets
China reads the Economist. Is the Renminbi undervalued?

While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …

December 6, 2004

Financial Markets
Surprise, Surprise: the Treasury waited til December to clear China of currency manipulation

It looks like John Snow did Andy Card one last favor before stepping aside: late on Friday, the Treasury quietly issued the annual foreign currency report. To no one’s surprise, the report declared …

December 19, 2004

Plaza, or Louvre?

The 1985 Plaza accord sought to drive the dollar down; the 1987 Louvre sought to keep the dollar from falling further. There is growing talk of a new Plaza in the US -- though not in the circles tha…

January 2, 2005

United States
Bretton Woods Two Lives

The Fed has started to tighten, Greenspan said anyone who has not hedged their interest rate risk desires to lose money. Yet higher short-term rates have not led to higher long-term rates. In the j…

March 25, 2005

Economics
Trans-Pacific Real Estate Bubbles

If you think that speculation on real estate has replaced the stock market as the US national pastime, try visiting China.I expected Beijing to be one large construction sites, and was not disappoint…

July 4, 2005

Economics
Enjoy the fourth. Take a break.

Because I am. I don’t expect to post much -- if at all -- this week.I need a small vacation.I am pretty confident that all the "imbalances" that the BIS highlighted will still be here in a week -- a…

December 16, 2004

Will Americans lose confidence in the dollar before foreign central banks …

There are two groups of investors that are massively overweight US assets: the world’s central banks, who still hold most of their reserves in dollars, and US domestic savers. US residents keep the …

February 17, 2006

Defense Technology
New Realities in the Media Age

Watch U.S. Secretary of Defense Donald Rumsfeld address the Council on Foreign Relations on the war in Iraq and the challenges of modernizing U.S. forces' communications capabilities in "today's medi…