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August 30, 2005

Economics
Rubin doctrine of international finance v. Greenspan doctrine …

The Rubin doctrine of international finance (From In an Uncertain World):1. The only certainty in life is that nothing is ever certain.2. Markets are good, but they are not the solution to all proble…

May 31, 2006

Economics
Paulson, not Evans … but don’t look here for an explanation of what it means

The Goldman takeover of W's second term (Bolton, Paulson) continues ... I'll leave it to you all to figure out.My timing isn't great, but I am taking a few days off -- and won't have sustained intern…

February 4, 2007

Financial Markets
The mechanics of the carry trade, revealed … (sort of)

Andrew Rozanov of State Street knows a thing or two about how official institutions manage their money (that is a big part of his current job) and a thing or two about Japan (he was based in Tokyo fo…

October 1, 2007

Financial Markets
My recap of the past week

Oil stayed high -- but not high enough to worry Peter Fritsch and Kelly Evans of the Wall Street Journal.The dollar fell against the euro and loonie -- but probably not by enough for the dollar to di…

April 20, 2008

Economics
Inequality in America

Unions in the American manufacturing sector used to have the bargaining power to secure a middle class wage for their members. Not any more. And no one else – apart from corporate CEOs, hedge fu…