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March 4, 2005

Monetary Policy
Guess who financed the February Trade Deficit?

A hint.Actually, we know that China won’t we don’t (yet) know China’s January reserve accumulation, let alone its February reserve accumulation. But some Asian central banks have released data for F…

March 8, 2005

United States
The sharecropper society

I suspect Warren Buffet would agree with Bill Gross.There is one easy way to make it easier for the US to deal with its own aging population: Stop promising so much of our future income to support th…

March 9, 2005

Emerging Markets
Brad DeLong covers the Argentine crisis, in one night

DeLong is clearly working his way through Paul Blustein’s book on Argentina. Martin Wolf has a column on Argentina’s restructuring in yesterday’s Financial Times, which I quite liked, for rather obv…

March 22, 2005

Economics
What did I miss?

Let’s see.Paul Wolfowitz looks set to take over the World Bank. Oil is a bit over $56. That is not low, by any measure. I remember how much concern there was last summer when oil broke $40.The cur…

March 23, 2005

Capital Flows
Wolfowitz and the World Bank

Paul Wolfowitz looks to be heading toward the Presidency of the World Bank. He probably was not the first choice of anyone outside the US, not even the UK. But no one seems to see much of an upside…