219 Results for:

March 14, 2006

United States
Why didn’t the current account deficit start to adjust in 2003? Will the adjustment start in 2006? And where are all the world’s reserves?

I think I can now welcome Brad DeLong to the "gloom and doom caucus, trade deficit division."  He joins some pretty good company:  Paul Volcker, Robert Rubin, Larry Summers, Warren Buffet, Martin Fel…

Why didn’t the current account deficit start to adjust in 2003?   Will the adjustment start in 2006? And where are all the world’s reserves?

March 26, 2006

Monetary Policy
Summers on reserves, exchange rates, the international financial architecture and other big topics close to my heart

Larry Summers has always believed that capital should flow from the already rich and aging societies that constitute the current core of the world economy to the poor and young countries on the perip…

March 29, 2006

China
Exit Schumer and Graham, Enter Grassley and Baucus

Schumer-Graham won't be brought to a vote until September.   China's central bank governor Zhou must  be persuasive.  Maybe he plotted out where the RMB will likely be if China continues with its cur…

April 1, 2006

Emerging Markets
Martin Wolf must have an amazing research assistant …

Either that or he has a lot of time on his hands.The powerpoint slides that accompany his John Hopkins lecture series on the Global Economy are amazing.  And not just because they are all shaded FT p…

April 6, 2006

United States
Rarely do I agree even a little with Larry Lindsey

But I do think Lindsey correctly highlights why the debate on whether the US economy as a whole benefits from low interest rates courtesy of China's central bank is rather beside the point, at least …