There are many critical challenges for the U. S. economy that markets, by their nature, will not address. In this sense, the future of American capitalism thus depends on the future of American polit…

Eichengreen provides the best summary I have seen of competing views on the sustainability of large US trade deficits, along with the impact of sustained trade deficts on US external debt and the inv…

One thing I never thought I would see: William Greider  (no fan of Citibank Democrats) interviewing Robert Rubin.    The end result is well worth reading.  Rubin doesn’t seem to be in Steve Roach’s…

The Rubin doctrine of international finance (From In an Uncertain World):1. The only certainty in life is that nothing is ever certain.2. Markets are good, but they are not the solution to all proble…

From Rubin's Wall Street Journal oped: The effects of these fiscal conditions are exacerbated because they occur, uniquely in the U.S. amongst the developed nations, in combination with a very low pe…