Oct 25th, 2010
The seemingly imminent and inexorable rise of the renminbi as a major levitra buy levitra, even dominant, reserve and trading currency, has been almost as widely heralded as the equivalent rise of the Japanese yen just twenty years ago.Even my normally skeptical friend Nouriel Roubini seems to think so. Here is an article from last [...]
Oct 14th, 2010
Earlier this week I had a debate on TV with a local economist on the subject of trade relations. We had the same debate about six and twelve months ago and in each case while I argued that the trade problems were almost intractable and trade relations would inexorably deteriorate levaquin online, he both times [...]
Oct 6th, 2010
Because of US and European pressure Beijing may allow much faster appreciation of the renminbi than it likes over the next year, but this will almost certainly be accompanied with policies that reduce the adverse employment impact. In my opinion the most likely such policy involves credit. If Beijing expands cheap credit, however, it may [...]