protectionism

I agree with Michael Pettis that removing Larry Summers from the White House should be construed as a sign that the Obama Administration is poised to take a more populist tone with China. In June I wrote (More on China, Trade and…

I am still at the Clinton Global Initiative Annual Meeting and I want to suggest a few tactical political themes that arose as sub-context in the Monday night meeting I had with the former President. Bill Clinton is on message. Back in…

Via Bloomberg: White House officials expect Lawrence Summers to leave his job as the president’s National Economic Council director after November’s congressional elections, according to three people familiar with the matter. His…

The economic historian Arnold Toynbee argued that civilization began in the East, expanded around the world, and will return to the East. Even if expressed somewhat differently, many people seem to believe that the 21st century will be a…

A few years ago, Chris Dialynas and I wrote a piece which introduced the concept of “renegade economics”. It was derived from a Frank D. Graham’s 1943 essay titled, “Fundamentals of International Monetary Policy.” Graham, a Princeton…

By Claus Vistesen. I know this is a cheap shot, but still. Team Macro Man picks up an all time favorite over at MM and asks 20 questions (check this out for other answers) to which I have offered 20 answers., Will the 10yr Treasury…

The dollar-yuan was fixed today at CNY6.8015 today. It closed yesterday near CNY6.7750 and was fixed yesterday at CNY6.7768. The greenback's broad rally yesterday contributed to the sharply higher fix today. Subsequently, the dollar eased…

By Michael Pettis Since this is another long posting, it might make sense to summarize briefly its two parts.  In the first part, expanding on an Op-Ed piece of mine published by the Wall Street Journal on Monday, I argue that…

Echoing the Marc Chandler's comments yesterday, Andy Lees of UBS had some constructive things to say about the potential effect of a Chinese revaluation on Mexico. Mexican Finance Minister welcomes the move because it will help Mexico’s…

The US Treasury and the Congress appear to be intensifying pressure on the China to allow the yuan to appreciate.   Other officials may weigh in ahead of the G20 meeting (June 25-27). Congressional support is reportedly strong…