112 Results for:

April 4, 2005

United States
McKinsey says the trade deficit does not matter

What is good for IBM (oops, Lenovo) is good for America.OK, that is a cheap shot.Yesterday’s Wall Street Journal published a column by Jon Hilsenrath that drew on work by Diana Farrell and the McKins…

April 15, 2005

United States
First the President tells China that it is holding a bunch of worthless IOUs …

And now he tells China it really should revalue, in far stronger language than the US (or the G-7) has used before.It seems like Tim Adams, the incoming Treasury Under Secretary for International Aff…

November 3, 2005

Financial Markets
Gerd Hausler is a brave man.

Hausler heads the IMF's capital market division - so he is paid to worry.  And he is not all that worried: "I don't see a systemic crisis" That is a bold thing to say - even if he is right t…

February 5, 2006

United States
Is national income accounting biased against the US?

In a fake news classic, Rob Corddry and Jon Stewart of the Daily Show once pondered how to report "the facts" when "the facts themselves were biased."  Michael Mandel seems to think the facts are bia…

June 19, 2006

China
Paging Edward Hugh: Demographics do not explain the recent rise in Chinese savings

Louis Kuijs’ latest analysis seems to suggest – based on my reading -- that three common perceptions of China are more myth than reality.     Myth one: foreign direct investment has been a big …

December 15, 2006

China
Ben Bernanke (almost) speaks truth to (real) financial power …

Bernanke’s speech at the Chinese Academy of Social Sciences is well worth reading.  He quite accurately notes – at least in the written text, if not in the actual speech – that China’s extensive inte…

March 23, 2007

Emerging Markets
Chindia (or maybe not)

The similarities between China and India have seized many (see Martin Wolf's column and the resulting discussion).   Both China and India have enormous populations -- and enormous scope to increa…

January 25, 2007

Economics
Sometimes I agree with Dr. Jen

I rather suspect I favor a bigger and faster appreciation of the RMB over time than does Dr. Jen, but I very much agree with his argument for a bit more RMB appreciation in the near term.   Stephen J…

May 5, 2007

Monetary Policy
Another month, another $10b (or more)

The $10b a month club came through in April. Brazil’s reserves: up $12.3b in April. Bacen also did a $3b reverse currency swap – its largest ever – last week.   It isn’t just intervening in the spot …

March 25, 2007

Monetary Policy
Still going strong (Bretton Woods 2)

I watch the data on global reserve growth rather closely.  But I was still surprised to see (via Global Liquidity Blog) the scale of the growth in the Fed's custodial holdings so far in the first…