Lots of folks in Washington don’t think the Bush Administration and the Congress are serious about cutting the fiscal deficit, and reducing the strain the federal government places on anemic US savin…

Note: Title credit goes to Jeff Frankel, who moderated a panel I participated on.Paul Wolfowitz just took over at the World Bank. He already seems to have indicated that is not going to follow Desmo…

Xie to the market (and to the US): Take your 2% and stop telling China to revalue! Here is the difference between Xie and me, put simply. Xie thinks the US is trying to get China to "artificially"…

Low yields in advanced economies lead capital (private capital that is) to head to emerging markets looking for yield.    Emerging markets - whether scared by the crisis that followed the sudden with…

Subtitle: China's currency regime is not the only impediment to global adjustment. Consider these two graphs (follow the links):Oil, in dollarsAnd the export revenues of Gulf oil exporters, in dollar…