Trackback is a dangerous thing. I just have learned that some of my blog posts have been compared to modernist poems. No doubt my last couple of posts have been a bit of a slog, heavy on both data…

Alan Greenspan told Senators Schumer and Graham that China would soon make its currency regime more flexible, and that they should hold off. They no doubt took "flexible" to mean "let its currency ap…

They truly are of fundamental importance to the US economy - particularly the agricultural economy of the Midwest.  George Friedman of Statfor asks a good question?  How effectively can a port functi…

Up til now, the UAE's reserves were almost entirely in dollars.  Maybe not for much longer.  The euro hit a one month high on Monday against the yen and its best in a week versus the dollar after th…

Note: This is Brad Setser, not Michael Pettis.  Mr. Pettis will be doing most of the heavy lifting for the remainder of this week as well.  Last week was rather interesting.  Gisele Bundchen was all…