Council of Councils
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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…
December 18, 2004
My nominations.The renminbi-dollar at 8.28 renminbi per dollar -- a price that puts China’s per capita income at around, only a bit above Iraq’s per capita income. The ten year US government treasury…
June 21, 2005
Emerging MarketsThe Wall Street Journal oped page clearly has discovered the joys of post-modernism. Facts are a social construction -- and inconvenient facts can be changed to fit your preferred narrative.That is…
October 24, 2005
United StatesIf you want a quip --A John Roberts, not a Harriet Miers. Actually, more of a moderate John Roberts than a John Roberts. Bernanke will have no trouble getting confirmed. Bernanke's academic credent…
March 14, 2006
United StatesThe 2005 current account deficit: $805 billion. or 6.4% of US GDP That is a bit smaller than I expected. The q3 deficit was revised down. Reinsurance payments were higher than initially foreca…
March 30, 2007
Monetary PolicyThose were Robert Rubin’s words to describe the US current account deficit. They apply equally well to the amount of dollars the world’s central banks lent to the US in 2006. Press coverage of th…