824 Results for:

January 18, 2008

Monetary Policy
The new (financial) world order

In 2007: China’s government added $430b to its foreign exchange reserves. Russia’s government added $150b to its foreign exchange reserves. China’s state banks likely - this is the only…

January 4, 2008

China
A myth?

If net exports had contributed as strongly to US GDP growth over the past three years as they have contributed to Chinese GDP growth, the US would not have a current account deficit - and the US woul…

china_rant_1.jpg

July 14, 2005

Capital Flows
Is oil always sold to the highest bidder?

I suspect that the US is not prepared for the implications of a world where China’s reserves are rising fast enough to allow China to finance the purchase of one Unocal every month. I also would bet…

February 11, 2006

United States
Cantankerous commentary on trade deficit commentary

I must have rolled out off the wrong side of the bed.   A few things about the commentary on the record 2005 trade deficit have been bothering me.  Above all, the argument that the US trade deficit i…