This Financial Times articles by Andrew Balls and Richard McGregor is worth reading.  It makes two key points:1. China did not give the US any hints what it plans to do next with its currency next.  …

Incidentally, I am not the only one who thinks that the US current account deficit is heading toward a trillion.   The OECD now forecasts $965b current account deficit in 2006 (7.2% of GDP), and $107…

McGregor’s long analysis piece in today's Financial Times (free link here) shows why.  It is the best summary of China’s macroeconomic policy challenges – and the contractions associated with China’s…

China’s reserves apparently increased by $45b in April, rising to $1247b.Krzysztof Rybinski of Poland’s National Bank asks what fraction of China’s April increase is real and what fraction comes from…

Unions in the American manufacturing sector used to have the bargaining power to secure a middle class wage for their members. Not any more. And no one else – apart from corporate CEOs, hedge fu…