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December 29, 2004

If you cannot beat em, join em

Daniel Gross’s article on the currency preferences of the world’s underworld is too good not to link to. It seems like the world’s drug lords are less willing than the People’s Bank of China to fina…

June 19, 2005

China
Two articles on China. One good. One not so good.

Reuters has done a nice wrap up of what we know -- and more importantly what we don’t know -- about how China manages its reserves. They correctly note that the TIC data misses so much that it, alon…

August 17, 2005

Emerging Markets
Fuel subsidies (and fuel shortages) in emerging economies

If you care to head to Baghdad - and are willing to wait in line - you can fill up your car with premium gasoline for 3.3 cents a liter (around 13 cents a gallon).  Basic gasoline goes for just more …

October 24, 2005

Economics
Bernanke

The new Greenspan.   So says Reuters. Like Daniel Gross, I was betting on Hubbard.   And I certainly would not be surprised if he ends up as the next Treasury Secretary. Expect lots of talk abo…

December 4, 2005

Economics
What is the matter with Kansas?

After seeing this graph over at Calculated Risk, I could not resist.   It seems my home state has the least housing froth around ...Maybe it has something to do with the fact that a (very young) Univ…