Council of Councils
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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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May 3, 2006
Financial Markets
Stephen Jen knows currencies, not communiqués
Stephen – the dollar will go down, but “ the US will not adopt a weak dollar policy … and the sky will not fall on the dollar” – Jen has gotten the course of a the dollar/ euro roughly right for the …
May 26, 2009
Monetary Policy
2007 all over again? The dollar, central bank reserves and US bonds
Lower interest rates in the US than in much of Europe and most emerging economies Slower expected growth in the US than in the emerging world Rising oil prices Falling dollar. That describes the …
January 2, 2005
Budget, Debt, and Deficits
Social Security Crisis in 2018? Ridiculous
Take a look at this Washington Post article by Jonathan Weisman, which the big blogs have justly pounced on. The initial framing of Weisman’s article is just way, way off. Social security in no way…
February 21, 2005
Budget, Debt, and Deficits
The confused conservatives on the Washington Post oped page …
The Washington Post put out an oped on the partial privatization of Social Security over the weekend, which Kevin Drum appropriately jumped on.One item in the oped jumped out at me:The second risk i…
March 10, 2008
Monetary Policy
What are Zhou and al-Sayyari doing? Reserve management and the Fed’s balance sheet operations
Paul Krugman noted that his discussion of the Fed’s recent policy steps was rather wonkish. If that is true, my comments will be off-the-wonkish charts. I want to try to bring the actions of foreign …