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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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September 26, 2006
United States
The deterioration in the US income balance has just begun ….
Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal. The US paid more in interest and dividends on its external borrowing (and foreign equity i…
January 15, 2007
China
Managing too much: China’s reserves were up $29b in November, $28b in December, $78b in q4 and $247b for the year
China’s reserves reached $1,038.7 billion ($1.0387 trillion) at the end of November – an increase of $29 billion over October. China then added another $27.6b in December, bringing its reserves u…
December 21, 2007
United States
To worry or not to worry - more (sort of) scary graphs
Has the US slowdown, the credit crunch (See Krugman), the resulting fall in the current account deficit and rise in the risk of a recession (Read Summers) reduced the risks associated with the United…
December 30, 2007
China
Does the China investment corporation (CIC) have a coherent investment strategy?
I personally would say no. And I am not alone. Tan Wei of mergermarket.com reports (in the FT) “a source familiar with the Chinese government’s thinking … who has direct access to the Chinese g…
January 8, 2008
Monetary Policy
The end of the United States exorbitant privilege?
There is a lot of angst right now about the dollar, and specifically about the dollar’s ability to remain the leading global reserve currency. Look at the FT leader at the end of 2007, or Daniel…
