currency wars

It turns out, according to most interpretations of the SAFE report, that the speculators creating the hot-money inflows are not the much-vilified foreign hedge funds – surprise, surprise – but Chinese businessmen bringing money into the…

Claus Vistesen with one economist's view on China and EM currency revaluation, innovation in 3D manufacturing and the climate change debate

China is grappling with rising inflation. This column argues that the Chinese government, instead of focusing on micro-managing the economy, should grant its central bank room for further reform of its monetary policy. To make more…

By Michael Pettis On Friday the US Treasury released its presumably semi-annual (it was due last October) report to Congress on currency issues, and in it refrained from calling any of the countries under review “currency…

Nouriel Roubini talks with the Wall Street Journal's Simon Constable in the video below about both the developed economy – emerging economy divide that has developed as well as the challenges ahead for the US economy.  His view on both…

In anticipation of the state visit by Chinese Leader Hu Jintao, I spoke about the pressure on US politicians to do something about the Chinese currency problem with RT America's Alyona Minkovski on the Alyona Show last night. The video is…

It's high time I laid my cards on the table about 2011. I have hinted around my view in previous posts, promising to spell it out in detail. So, here it is: I am cautiously optimistic on the US and global economy for 2011. Let me explain…

By Michael Pettis This year to everyone’s surprise the PBoC failed to announce 2011’s lending quota. Instead it announced a series of new polices aimed at monitoring the banks. According to an article in Thursday’s People’s Daily: The…

By Win Thin Brazil announced that it is allowing its Sovereign Wealth Fund (SWF) to trade currencies and currency derivatives (futures).  The SWF is managed by the Treasury, and so this gives the authorities another channel through…

By Win Thin After warning of further measures to fight BRL appreciation, Brazil unveiled yet another policy measure in its toolbox. The central bank introduced reserve requirements on local bank dollar short positions this morning in an…