127 Results for:

November 11, 2004

China

That alone ought to catch your attention. Whether talking about the US (needs Chinese financing), Latin America (needs Chinese demand for its commodities) or Europe (needs China to lets its exchange…

May 1, 2005

China
Will China get hit by the cover jinx?

It is a bit hard to start shorting the renminbi (RMB/ the Chinese currency) just because China has now made its appearance on the cover of Newsweek. It is hard to short something that has yet to be …

April 4, 2005

United States
McKinsey says the trade deficit does not matter

What is good for IBM (oops, Lenovo) is good for America.OK, that is a cheap shot.Yesterday’s Wall Street Journal published a column by Jon Hilsenrath that drew on work by Diana Farrell and the McKins…

November 6, 2005

Economics
What risks should the American workforce assume in a more global economy?

Sebastian Mallaby had an interesting column in last Monday's Washington Post.   Mallaby highlights what he calls the biggest economic argument of the day -- namely, what role does the government …

November 15, 2005

Economics
RGE Econoblog with Sebastian Mallaby

OK, not a true Wall Street Journal style Econoblog.   But Sebastian Mallaby of the Washington Post noted my response to his October 31st column, and has agreed to allow me to publish our email exchan…

February 18, 2005

Budget, Debt, and Deficits
More borrowing, on the other hand, is always a political winner

Deficits really don’t matter, at least in some circlesBush said earlier this week that he would not rule out paying those transition costs by raising the current wage cap of $90,000 that can be taxed…

March 27, 2006

United States
Good thing Michael Mandel read my 2004 paper, not my 2005 paper -

With the 2004 paper on US external sustainability, there is at least some possibility that Nouriel's and my dire forecasts will prove to be right.   The core argument of that paper is that the co…

August 8, 2005

United States
Once again, trade deficits do matter — and they really do have to be financed

Brad DeLong and the folks over at Angry Bear have already beat up on this rather ridiculous Donald Luskin argument that the US does not take on debt when it runs a trade deficit.   I hardly need to …

April 6, 2006

United States
Rarely do I agree even a little with Larry Lindsey

But I do think Lindsey correctly highlights why the debate on whether the US economy as a whole benefits from low interest rates courtesy of China's central bank is rather beside the point, at le…

January 8, 2006

Monetary Policy
Sit back and watch Asia’s reserves grow.

Not because Taiwan is reportedly intervening once again last week.   But because Asia holds lots of euros and yen.    The euro rose 2.4% against the dollar last week, the yen by 2.8%.  And Asia holds…