protectionism

The latest data out of Argentina are just one month's data. But the trend is clear and it is alarming: economic growth is slowing dramatically in Argentina. Three articles in Argentine dailies point out the nexus of issues developing around…

This is a quick note here on Latin American economies where currency issues are the main story. Argentina has been most often in the news, but the slowdown in Brazil should be top on the radar. I also note that some European banks are…

The most important debate of our lifetimes is now ongoing. The question: Should the ECB “write the check’ for the euro area national governments? In thinking about the answer to this all-important question, I prefer to shift the focus by…

The currency may well be undervalued, but a significant rise in the RMB, especially if it is countered domestically by an increase in credit at lower real rates, might actually make the global imbalances worse and, more worryingly, cause…

Here are a few excerpts from Stephen Roach’s latest at Project Syndicate.

Former George W. Bush official Pippa Malmgren does a good analysis for Bloomberg of the issues important to voters and how they will play in this year's presidential election

Judging from this chart drawn up by the Financial Times, it would seem that Turkey is winning the currency wars and China is losing them.

Below is a video of my appearance on RT International last night discussing the recent bill to authorise sanctions against the Chinese for currency manipulation. I see this bill as all about the politics and little about the economics.

US national elections are 13 months away and not coincidentally, the Congress is looking at a new measures to encourage China to re-value the yuan. While there is little doubt that the yuan in under-valued, though reasonable people may…

An excerpt from "The World In Depression" by Charles P. Kindleberger