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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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April 26, 2011
Politics and Government
Campaign 2012: Hello Ron Paul, GOP Presidential Candidate
Rep. Ron Paul visits a polling station in Manchester, New Hampshire on January 8, 2008. (Jim Young/courtesy Reuters) The third time is the charm. That’s at least what Ron Paul hopes. An unsuccessful…
April 30, 2006
Can the dollar block survive another bout of dollar weakness?
In case you haven't noticed, the dollar is now closer to 1.30 (v. the euro) than 1.20 - or even 1.15. Carry is no longer king. There is talk of a "regime change" in the fx market. Or at least an …
July 22, 2014
Politics and Government
Hello, Joko “Jokowi” Widodo: President of Indonesia
Sometimes sure things turn out not to be so sure. Just ask Joko Widodo, who is better known to his fellow Indonesians as “Jokowi.” At the start of 2014 he was expected to win Indonesia’s presidential…
November 24, 2006
Financial Markets
Deja vu all over again (dollar falls v. the euro when Americans are on vacation edition)
Maybe it is just me, but Thankgiving 2006 is starting to feel a bit like the period after Christmas in 2004. Both periods saw sharp falls in the dollar in thin markets. 1.31 isn’t 1.36. But, in a…
April 13, 2007
China
China. On track to add $500b to its reserves in 2007, heading toward $2 trillion fast …
Please allow me a bit of latitude. China won’t add $500b to its reserves in 2007 for the simple reason that the central bank will sell some of its reserves to the state investment company. Moreover…