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December 9, 2004

Retired Wall Street Titans (and the renminbi-dollar)

Henry Kaufman’s name sits on the building where I work. If nothing else, that means you tend to take notice of his opinion.He nicely summarizes why many believe the dollar won’t fall much further, o…

January 26, 2005

Monetary Policy
The US dollar fails the Chinese test

So China wants to adopt a basket peg because it no longer thinks the dollar is a stable store of value. To quote Mr. Fan, Director of China’s National Institute for Economic Research:The U.S. dollar …

May 29, 2005

Europe
Non, and loudly

France has spoken.I don’t have any creative or original thoughts on what the French vote means for Europe, though, like many others, I found Henry Farrell’s thoughts interesting. For those intereste…

April 19, 2007

United States
The IMF’s forecast for the global current account

The IMF – as the FT, Stephen Roach and William Pesek have all noted -- has decided to stop worrying about what might go wrong in the global economy and start celebrating all that is going right.   Sl…

weo_global_c_account_07_small

May 1, 2007

United States
No need to worry — the US isn’t going to run out of assets to sell to foreign investors any time soon …

In a comment in the Financial Times about ten days ago, David Hale argues that there is little need to worry about either the dollar or the US current account deficit.   The US has no shortage of fin…