Council of Councils
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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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August 9, 2017
China
Beijing’s AI Strategy: Old-School Central Planning with a Futuristic Twist
China's new artificial intelligence strategy is a signal that Beijing wants to be a leader in AI. How it gets there is a different story.
June 5, 2008
Budget, Debt, and Deficits
Really?
The Wall Street Journal’s oped page writes that: “the dollar plunge as translated into a net transfer in wealth from the US to the rest of the world” I am not sure the rest of the world sees it th…
January 22, 2009
Monetary Policy
Trouble in Tokyo ... and in London.
Japanese exports are down. Way down. The 35% y/y fall in December is consistent with a brutal collapse in intra-Asian and global trade. The yen, though, is up. Way up against some currencies…
September 11, 2008
Monetary Policy
What goes in also can go out ...
Joanna Slater of the Wall Street Journal notes that many countries that were resisting pressure for upward appreciation are now selling dollars to defend their currencies. I very much agree with the…
March 2, 2008
Financial Markets
Worth less, not worthless
I am glad Mr. Buffet clarified that. Project out last weeks trends for very long and there might be a bit of doubt. Mr. Soros wasn’t as kind. ""The dollar is a terribly flawed currency"Nor, for th…