399 Results for:

July 14, 2006

United States
Far be it from me to disagree with Robert Rubin

One thing I never thought I would see: William Greider  (no fan of Citibank Democrats) interviewing Robert Rubin.    The end result is well worth reading.  Rubin doesn’t seem to be in Steve Roach’s…

December 11, 2006

Financial Markets
The GCC’s dollar peg …

China will have a current account surplus of over $200b this year.  China has about 1.3 billion people.   The GCC countries (Saudi Arabia and the small states on the Gulf) will also have a current ac…

December 14, 2006

Paulson in Beijing: Can’t get no satisfaction

That is what William Hess argues in Newsweek International.  China cannot give Paulson what he wants without jeopardizing its domestic goals.  Hess writes:"Secretary Paulson will likely return home e…

April 19, 2007

United States
The IMF’s forecast for the global current account

The IMF – as the FT, Stephen Roach and William Pesek have all noted -- has decided to stop worrying about what might go wrong in the global economy and start celebrating all that is going right.   Sl…


May 29, 2007

United States
The PBoC - and the Economist - argue that exchange rates don’t matter, but look at this graph …

China's Vice-Premier Wu Yi, the Economist, Stephen Roach,  William Pesek and no doubt a host of others all have argued that the US trade deficit with China has nothing to do with the RMB/ dollar…


February 28, 2008

Emerging Markets
$1 trillion, $100, $1.50

A lot of milestones have been passed in the last few days. Most aren’t positive for the United States. Nouriel Roubini is no longer the only economist putting the eventual toll of the financial crisi…

March 4, 2008

Emerging Markets
The great emerging market inflation of 2007 and 2008

In a recent FT oped on China, Ken Rogoff had a great one-liner:"Those who think inflation is caused by too little pork rather than too much money are wrong."Replace pork - culturally inappropriate fo…

June 11, 2008

Is Chinese export growth accelerating once again?

Most of the headlines reporting on China’s May trade data focused on the small y/y fall in China’s trade surplus. Given the rise in the price of oil, China’s surplus should be falling. The surpr…


July 2, 2008

Financial Markets
Read the annual report of the Bank of International Settlements

International institutions usually put out reports filled with turgid and overly-qualified prose. But not the BIS. At least not this year. The introduction and conclusion of its 78th annual rep…

November 11, 2008

Financial Markets
Give me yield, give me leverage, give me return

“Give me yield, give me leverage, give me return” perfectly sums up how Wall Street bought itself close to financial ruin. JP Morgan’s William Winters didn’t just create help to create CDOs. H…

Give me yield, give me leverage, give me return