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…
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April 3, 2006
China
Grassley-Baucus-Adams? And (another) long rant about the Economist …
The Treasury doesn't want to declare China to be guilty of manipulation. Picking a fight with one of your biggest creditors isn't smart. Right now, no one is buying more US debt (China buys a lot …
June 21, 2006
United States
So, is Michael Mandel right? Did intangible income (dark matter) ride to the rescue in the first quarter, offsetting rising US debt?
As Michael Mandel has noted, the US income balance improved in the first quarter – contrary to the expectations of “pessimists” like me. I would say “realists” – rising debt usually implies rising i…
July 26, 2006
Emerging Markets
Is Saudi Arabia the new IMF?
Last week I was beginning to think the IMF might be back in business. A couple of press reports hinted that Lebanon’s central bank was facing real pressure. Folks fleeing the country wanted doll…
December 8, 2006
China
Auto parts, China, protectionism
I have long thought that China's move into auto parts was a possible (political) trigger for a new set of stress on Bretton Woods 2 -- the point where the shift of manufacturing production out the US…
March 10, 2007
Dhananjai Shivakumar: In memoriam
This is a different kind of post – far more personal and far more painful. Those looking for commentary on the global economy should check back next week. Almost two weeks ago, I learned that my de…