The negative correlation between the dollar and the price of oil was much in evidence  last week – The dollar hit a record low against the euro, and is quite weak against most of the major currencies…

A sage commenter once suggested that this blog should be titled follow the money – since it has focused, more than anything else, on trying to understand how the US finances its large current account…

Last week, I argued that the emerging world’s governments have been provided the US with an enormous credit line – one large enough to prop the dollar up – even in the absence of any formal instituti…