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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October 26, 2005
United States
What to say when the markets are listening to Stephen Jen?
The Economist's Buttonwood struggles with something I have also struggled with:Stephen "Interest rate and growth differentials, not current account deficits" Jen has basically been right on the dolla…
November 5, 2006
Monetary Policy
Stephen Jen - the anti-Roubini (and the anti-Setser)
The odds of a US recession: Nouriel Roubini: 90% Stephen Jen: 13% I know my comparative advantage does not lie in gauging whether or not a sharp fall in residential investment will spill o…
March 22, 2006
China
Stephen Roach is well worth reading today
Roach has access to a slightly higher level of policy makers than either the author - or I suspect most of the readers - of this blog. Particularly in China. He didn't learn of Wen's critique of …
November 8, 2005
China
Stephen Roach gets it, the IMF does not …
Subtitle: some parts of the IMF might want to reread Keynes. China, as we have discussed, saves too much and consumes too little. It consequently finances both its own (exceptionally rapid) industri…
January 30, 2005
Financial Markets
Stephen Jen might want to rejigger his model
Apparently, Mr. Jen thinks the dollar -- despite the United States’ 6.2% of GDP current account deficit -- is significantly undervalued against all major currencies, and fairly valued against most As…
March 5, 2024
United States
Ten Facts About the State of the Union Address
President Biden will deliver the annual State of the Union address on Thursday night. Here are ten things you might not know about the tradition of having a president deliver an annual address.
