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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November 19, 2004
Greenspan, part II
Federal Reserve Board Chairman Alan Greenspan was careful to frame the risk created by rising US external debt for foreigners investing in the US (and in the process financing the US current account …
December 16, 2014
Monetary Policy
What Did the Greenspan Fed Do with Its “Considerable Time” Pledge in ’04?
The big question for the December 16-17 FOMC meeting is whether to drop the pledge to keep rates at near-zero for a “considerable time.” Prior to the last meeting in October, two-thirds of primary…
June 8, 2005
Economics
Greenspan’s conundrum and oil
The most profitable sector of the Chinese economy, according to data from UBS. Mining. It is not even close. I presume that includes mining for oil. Remember that. I will return to it in a bit.A…
January 25, 2024
China
Fickle Friends: Sino-Israeli Ties Buckle Amid War With Hamas
China’s response to the war in Gaza has jeopardized its once fruitful relationship with Israel, a risk China is willing to take as it exploits the war to bolster its own standing and undermine the Un…
February 8, 2005
Chairman Greenspan: Do Not Worry, Be Happy
The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …