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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…
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July 22, 2005
China
Fluctuating between 8.1101 and 8.1102
So far, the PBoC has allowed to RMB to move within a new trading band of 8.1101 to 8.1102: Dealers said they expected the central bank to keep the currency around 8.1100 for weeks, or even month…
August 17, 2005
Economics
It all comes down to oil and houses
Or more precisely, how long the stimulus from rising house values (and the jobs created building and selling houses) can offset the drag of the (growing) oil tax. Read John Makin in today's Wall St…
August 22, 2005
Capital Flows
The Wall Street Journal oped’s page idea of a “serious” policy on Iran …
Is to keep Iran out of the World Cup (see Monday's Wall Street Journal). That is serious?Moscow's boycott of the Los Angeles Olympics had such a profound impact on US policy ... How about a seriou…
September 13, 2005
China
Time to change the way we think about the world
China's August goods exports: $68 billion US July goods exports: $75 billion China should start exporting more goods than the USA in late 2005/ early 2006. That is rather impressive. It means tha…
September 16, 2005
United States
Has the US outsourced creative thinking about external adjustment to … France?
Many have noted that President Bush likes French-style vacations. Not so many have noticed that French economists have been at the forefront of thinking about the US current account deficit, and the…
