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October 9, 2013

Europe and Eurasia
Paul Krugman’s Baltic Bust—Part III

Geo-Graphics posts in July 2010 and 2012 showed that Paul Krugman’s devaluation-driven “Icelandic Miracle” was nothing of the sort – a figment of his having chosen the most favorable possible star…

Paul Krugman’s Baltic Bust—Part III

June 21, 2009

China
The good and bad news in the World Bank’s China Quarterly

The good news in the latest World Bank China Quarterly: One. China is growing, thanks to China’s government. The World Bank estimates that the government’s policy response will account for abou…

china-world-bank-q2-09-1

October 3, 2007

Economics
Floating Dubai’s

Apparently, simple yachts are not luxury goods.   John Taglibue of the New York Times on Tuesday:  “Today a mega yacht is indispensable” said Olivier Milliex, head of yacht finance at the Dutch ban…

April 11, 2007

Emerging Markets
It is hard for the world to diversify away from the dollar when the world’s holdings of dollars need to rise by about a trillion a year

OK, I probably should strike “world” and insert “the world’s governments” instead.  It is pretty clear that central banks and oil investment funds provided the bulk of the financing the US needed in …

em_reserve_growth_small

November 17, 2006

Monetary Policy
The world, in a single graph

Actually, this post should be titled “everything I think I know about the world, in a single graph.”   The following graph combines various measures of dollar reserve growth with data on the overa…

uphill_flow_1