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December 7, 2004

United States
No Warm Glow from the Nobel Prize Here

Or more precisely, one of this year’s Nobel Prize winners in Economics seems to disagree with parts of the analysis Nouriel and I have been putting forward. It seems like Nouriel and I don’t underst…

August 24, 2005

Financial Markets
Is Alan Greenspan encouraging moral hazard in … China?

Listen to one Chinese fund manager in this morning's Wall Street Journal:  "Mr. Zhu (who helps manage US dollar investments for the Bank of China) expresses confidence in the US dollar and the he…

November 3, 2005

Emerging Markets
What ever happened to US relations with Latin America?

One of the things that has fascinated me is that US-Latin America relations have soured so much under Bush's watch.  I think I am fascinated in part because I don't really buy the standard ex…

January 20, 2006

China
The New New China

I asked DOR -- an active participant in the comments section of this blog -- to do a guest post on the recent revisions to China's GDP numbers.   He has a real job, so his identity has to remain …

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

January 3, 2006

United States
Tyler Cowen take note - dollar pessimism may no longer be fully “priced” in

Tyler Cowen has argued that big shocks come when markets are surprised, and, right now, no one would be surprised by a dollar decline.  People like me (and others with a wee bit higher profile) have …

January 10, 2006

United States
Directing the perennial dollar horror story

(Dollar) gloom and doom sells.  Even if it isn't true.So says Bloggin' Wall Street Folks who worry about the trade deficit are in denial. They cannot accept that in the new (financial globali…

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January 28, 2006

China
Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The…

October 27, 2005

United States
Some thoughts on the Bill Gross blog

Fitzgerald now has an office above the TREASURY Starbucks?!? UPDATE: Guess not.  Fitzgerald is still across the street from the Treasury Starbucks.And Bill Gross is hip.  He is a BLOGGER. He does not…

April 22, 2006

The BRICS lend, the US spends

How is that for brevity?  The world economy reduced to a single rhyme.   The BRICS are Brazil, Russia, India and China - Goldman's set of big emerging economies.     With oil at $75, they really …