Michael Mandel’s Business Week cover story poses an intriguing thesis in a provocative way:  “No matter which party you belong to, or which Big Idea or school of economic policy you subscribe to, o…

Those are the worlds Robert Rubin used to describe the US current account deficit. They also are words that could easily be used to described China’s current account surplus.  Nick Lardy thin…

Or perhaps a complicated combination of both?   That is a question that has popped up over at Martin Wolf’s forum.   It is a keyquestion for the global economy, and for financial markets.Those bettin…

I think anyone who visits Dubai right now is bound to be dumbstruck by the sheer scale of the construction.  It, quite honestly, puts anything I saw in China in early 2005 to shame.   To the naked ey…

The phrase the “uphill flow of capital” seems to have caught on.  It is a vivid way of describing a world where poor countries finance rich countries.   Or, a bit more accurately, China and some no-l…