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March 4, 2005

Emerging Markets
A few lessons for Mary Anastasia O Grady

I do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…

April 24, 2005

United States
US policy (once again) fails the Chinese test

Lots of folks in Washington don’t think the Bush Administration and the Congress are serious about cutting the fiscal deficit, and reducing the strain the federal government places on anemic US savin…

September 12, 2005

China
Show me the money (really, show me China’s reserves)

China's Alan Greenspan (Zhou Xiaochuan) has indicated China won't roil financial markets with "active composition adjustments of the foreign reserves."  fine.   But any central bank adding about $20 …

September 21, 2006

Financial Markets
Unintentional irony watch (hedge fund edition)

Risk management standards do seem to be slipping.   Davis, Sender and Zuckerman in the Wall Street Journal: “The risk models employed by hedge funds use historic data, but the natural gas markets hav…

November 6, 2006

Financial Markets
Lower vol = more imprudent bets?

That, in effect, is what some at the Bank of England think.  Mark Gilbert channels John Gieve. ``After a short pause in May and June, we have seen the return of aggressive risk-taking in financ…