trade

One key theme has been how well many emerging market economies have held up while the world's biggest economies slow. India's Q2 GDP report fits into that theme. The 8.8% year-over-year growth represents an acceleration from the 8.6% y-o-y…

by Edward Hugh: Barcelona Karl Friedrich Hieronymus, Freiherr von Münchhausen was a German baron born in Bodenwerder in the eighteenth century. Made famous by the Hollywood director Terrence Gilliam, the baron first came to public…

By Michael Pettis On August 8 Credit Suisse published a study they had commissioned by Professor Wang Xiaolu of the China Reform Foundation.  A lot of readers have asked on- and offline me to discuss this study in light of the entry I…

As the IMF say in their most recent staff report, the present economic crisis raises the question of whether potential output growth in Bulgaria in the years to come is going to be markedly lower than it was during the boom years. As the…

It has been a while since I have had a round of these and in the current macro/market environment I thought it an excellent occasion to take some pot-shots at the market discourse. So, read on if you want to see what it looks like when I am…

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…

With America's new-found trade deficits, the trade war with China will heat up again. Will it wait until after the mid-terms? Probably not because American politicians will want to convince voters that they are doing something to help with…

There has been a lot of excited press commentary recently about China’s overtaking Japan as the world’s second largest economy.  China’s GDP should be larger than Japan’s for the first time sometime this year, which in a similar…

By Edward Hugh Look, if there is one simple chart which sums up everything that is wrong with current thinking at the International Monetary Fund, then it is this one. Basically, I spent much of the day yesterday scratching my head,…

By L. Randall Wray Deficit hawks raise three objections to persistent federal government budget deficits: a) they pose a solvency risk that could force to government default on its debt; b) they pose an inflation, or even a hyperinflation,…