It is always worth paying attention to what Ted Truman - former director of the Federal Reserve's international staff, and former Assistant Secretary of the Treasury -- is saying. And right now he is…

That was yesterday’s headline.   Or, given the time differences, perhaps the headline from two days ago. Chinese second quarter growth picked up to 11% plus.  The only real surprise here was that the…

Stephen Roach made three arguments last Friday. I disagree with two of them, but agree with the third.  And the third is by far the most important.   But before getting to the point of agreement, the…

Oil prices are up again today. What’s going on? A look at history gives some interesting insights. Eyal Dvir (Boston College) and Ken Rogoff (Harvard) have a very interesting working paper that trie…