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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 (som…

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 shou…

April 26, 2006

Did something change this weekend? Does the G-7 still matter?

I downplayed the most recent gathering of the great and good in Washington, arguing that those gathered in DC didn't really commit to the policy changes needed to avoid an another year of widening im…

September 7, 2006

China
Tyler Cowen apparently did not read my China testimony! The RMB’s value does influence trade flows

The New York Times’ conservative columnists certainly know how to get my blood boiling.  David Brooks, among other things, apparently thinks the key to a hedge fund salary is good people skills – not…

October 10, 2006

Financial Markets
So, what would happen to the US if China let the RMB float …

I recently gave a guest lecture on the global balance of payments.  After the lecture, I was asked what would happen to the US economy if China let the RMB float.  I think I was right to say the R…