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…
November 19, 2004
Alan Greenspan’s comments on the US twin deficits are getting lots of play. Just saying that at some point foreign appetite for US assets is likely to diminish and won’t stay at its current strong p…
January 6, 2005
Financial MarketsIt seems like Asian central bank support for the Treasury market -- and other fixed income markets -- has become part of the conventional wisdom recently. We know Bill Gross has long worried about t…
February 8, 2005
The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …
July 18, 2005
ChinaChina indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …
September 29, 2005
Financial MarketsTim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…