Unless, I suspect, if you are a Hong Kond textile magnate.  I don't entirely agree with Stephen Roach's argument that the US should thank China for its cheap financing so long as the US doesn't save…

I have been quoted rather extensively in the past few days on Treasury’s foreign exchange report – And in this debate, you are either a dove or a hawk.   Doves (Roach) don’t think that the US sho…

The US economy looks to be slowing.   Job creation (and wage growth; also see Leonhardt in the New York Times) wasn’t that impressive even when the economy was growing strongly.   Like many, I was st…