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UPDATE: 19 MAR 2010: Given the debate on China and its currency peg, I thought this post from November 2008 would be relevant. It called for a new world order centered around a new monetary system. This idea has gained some currency as it is a chief aim of the Chinese going forward.
One big [...]

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I am going to talk here a little bit about the looming trade war between China and the United States. But I am going to come at it from a side angle via some historical analogies.
Common folklore in the United States says that the Soviet Empire collapsed in large part due to the efforts of [...]

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This is a post from John Lounsbury which will cover ground on the official designation of recessions and his own designation of depressions about which he has written in the past. Previous articles in this series have discussed:

The NBER process for dating recessions;
Redefining the business cycle;
Normalization of GDP to population; and
Normalization of [...]

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I was talking to a friend of mine who does emerging market investing for a living and I asked him what he made of recent China-bullish comments by Stephen Roach. 
The Morgan Stanley Asia head was in Germany speaking to German business daily Handelsblatt last week. The guys from Handelsblatt wrote up a piece called [...]

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Morgan Stanley – Global Economic Forum – Debating Debtflation
FT.com – Pandit blames Citi’s woes on short selling
Marshall Auerback: A tale of two recoveries – Germany and Malaysia, Part II
Stuck in neutral – what Japan’s rebalancing can teach us – Michael Pettis
U.S. lawmakers launch push to repeal NAFTA | Reuters
Economist’s View: [...]

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I came across an article in the FT by Gideon Rachman which examined “How Reagan ruined conservatism.” It is an interesting piece which claims that traditional conservatives abhor populism and respect knowledge, while the Reagan Revolution ushered in a ‘new’ conservatism that appealed to those who love populism and disdain knowledge. All very interesting – [...]

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Marshall Auerback here with a post which I originally published at New Deal 2.0.
What is a fiscal crisis? When does deficit spending become “unsustainable”? Today, we can see net public spending rising (sharply as a percentage of GDP in some cases) as private spending has plummeted. Still, unemployment has skyrocketed. So whatever government spending has [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
The great Lebanese poet Kahlil Gibran once wrote that sometimes the mountain is clearer from the plane than the summit.  This insight may be applied to the foreign exchange [...]

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The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here.
We have argued that the EU faces a horrible dilemma.  One horn is the moral hazard inherent in support for a profligate agent, while not necessarily putting a firewall around [...]

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I first featured some commentary by Fred Sheehan in November on a muni post The coming collapse of the municipal bond market. Now Fred is back and he’s on the radio, talking with Jim Puplava about Sir Alan Greenspan this time.  It will give you a better view of Greenspan, the man, than some of [...]