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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October 24, 2005
China
No one forced China to import US monetary policy: Commentary on yesterday’s China commentary
Andrew Browne did something somewhat unusual in Monday's Wall Street Journal (see p. A2 of the print edition, unfortunately, I have not been able to find the link). He wrote about China, and got the …
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 to note t…
November 8, 2005
Europe
More flexible labor markets, less business investment?
Apologies for being one day late discussing a Peaple/ Teitelbaum article in Monday's Wall Street Journal called "UK business investment lags." My title is intentionally a bit overstated, but I was s…
November 26, 2005
Economics
Kansas is flat, the world is not …
To paraphrase the New Economist, the Financial Times must think the world is flat. They just gave Tom Friedman the inaugural Financial Times/ Goldman Sachs book prize last week - for a book based on…
December 4, 2005
Financial Markets
At last, some real evidence to back my argument on petrodollars
The Bank for International Settlements (BIS) has spoken; OPEC's dollar holdings are up and its euro holdings down. The prolific Steve Johnson in the Financial Times: Middle Eastern oil exporters hav…