7.992 7.9955 7.996 Anyone detect a pattern?    China’s de facto dollar peg seems to be around 7.99. At least for now.  I haven’t written much about China recently because nothing much seems…

Corporate profits as a share of GDP are at a half-century high, while real wages are struggling to stay above the zero line. Make no mistake, …  this recovery has been a boom for capital, not for lab…

I have on occasion been critical of the Economist’s coverage, particularly its emphasis on Chinese consumption growth rather than Chinese export growth.  But I should also give credit where credit is…

Steven Pearlstein’s column “Public debt, private wealth” argues that surge in demand for US financial assets from emerging economies – and overwhelmingly from the governments of emerging economies, n…

Everyone now wants to talk about sovereign wealth funds, both how big they will become and how they will (or will not) impact a range of markets.  I tend to agree with Tony Tassel and Joanna Chung of…