I suspect the stock of outstanding synthetic credit derivatives -- $ 1500 b in synthetic CDOs in 2004 v. $300 b or so in 2001, according to Mark Whitehouse of the Wall Street Journal -- is the only t…

Or just the natural result of expectations that China's demand for imported energy will soar in the future?  Probably a bit of both. China clearly has no particular desire to export democracy, or ev…

This Financial Times articles by Andrew Balls and Richard McGregor is worth reading.  It makes two key points:1. China did not give the US any hints what it plans to do next with its currency next.  …

Andrew Browne did something somewhat unusual in Monday's Wall Street Journal (see p. A2 of the print edition, unfortunately, I have not been able to find the link). He wrote about China, and got the …