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…
November 20, 2004
United StatesOne of the world’s ironies is that even as John Snow putters on about how currency values should be set by market forces, the market -- or at least the private market -- is now playing a comparativel…
December 18, 2004
My nominations.The renminbi-dollar at 8.28 renminbi per dollar -- a price that puts China’s per capita income at around, only a bit above Iraq’s per capita income. The ten year US government treasury…
December 18, 2004
I missed the actual release, but it is worth noting that the "guts" of the October trade data are rather discouraging. Forget the headline number: we knew it would be bad because of oil. Look at wh…
December 31, 2004
Capital FlowsCanada is to the United States? Large in area, scarcely populated, cold and a major supplier of natural resources to its large southern neighbor ... Well, not yet. Russia, I think, generally exports…
January 9, 2005
Financial MarketsAs readers of this blog no doubt know, the dollar rallied v. the euro last week. Not that most of America noticed. In much of America’s heartland, the dollar’s value does not make the financial new…