Council of Councils
Think Global Health
Online Store
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…
January 30, 2005
Financial MarketsApparently, Mr. Jen thinks the dollar -- despite the United States’ 6.2% of GDP current account deficit -- is significantly undervalued against all major currencies, and fairly valued against most As…
June 27, 2005
ChinaMartin Wolf’s FT column makes a number of crucial points:1) Asia has let undervalued exchange rates (and reserve accumulation) substitute for policies to promote domestic demand. The (growing) back…
July 18, 2005
ChinaChina indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …
July 21, 2005
But the change against the dollar is small. Very small. Too small in my view to have much of an economic impact, in any way. On trade flows. Or on capital flows. I would still bet on a furth…
August 15, 2005
United StatesI am less impressed by the June TIC data than the markets. Yes, foreign purchases of US corporate debt skyrocketed, but foreign demand for Treasuries disappeared. Total "private" purchases of US d…