Luxury retailers are doing better than retailers that sell to poor folks ... that probably reflects the difference between those who are trying to get by on stagnant wage income in the face of higher…

I am a big fan of Robert (Bob) Rubin, so if I cannot be Brad, Bob is not a bad second choice. The US has racked up a deficit of around $2,247bn (€1,821bn, £1,260bn) since 2001 without suffering …

Before working on the US current account, Chinese reserve accumulation and petrodollars, I spent most of my time thinking about financial crises in emerging economies.   In early 2004, I worked prima…

The Governor of the China's Central Bank said pretty much all the right things at Davos - at least from my point of view.    China does need to base its growth far more on domestic consumption.  And …

An anonymous partner at a mid-sized London hedge fund expressed something I was trying to say a couple of weeks ago fair better than I could have.   From the Financial Times: "A lot of managers…