One nice things about writing a blog is that I don’t need to be topical. Not only can I write worriedly about rising contingent debt levels three or four years before they become obvious cialis online pharmacy, but I can also revisit a controversy that took place March involving Paul Krugman and Stephen Roach. I revisit [...]
Continue Reading »
Tags: Krugman, Roach
Posted in Currency regime • 71 Comments »
Sorry to regular readers for my blog’s being out of commission for much of the past week, but apparently it has created too much traffic for the host, so without giving me any warning they pulled the site. We came up with a temporary solution and will move to something more permanent soon. Since I [...]
Continue Reading »
Posted in Savings glut • 38 Comments »
Since this is a very long post, it may make sense first to provide a quick summary of what I am going to argue. As I have discussed often in earlier posts, pessimists are starting to worry about excessive debt levels in China, about which they are very right to worry, and many are predicting [...]
Continue Reading »
Tags: Consumer demand, credit expansion, Trade war
Posted in Asian development model, Balance sheets, Consumption and production, Fiscal debt and deficits, NPLs • 103 Comments »
There seems to be a thaw in the currency war; buy cialis. President Obama and President Hu had a long telephone conversation today and my guess is that the Treasury will hold off on naming China a currency manipulator in two weeks. I hate to be a pessimist buy cialis, but this might be very temporary. Unless the [...]
Continue Reading »
Tags: Krugman
Posted in Balance of payments, Consumption and production • 78 Comments »