Today we take a look at which countries have best weathered the global recession and credit crunch. All economies have been affected by the crisis, but a combination of policy responses and strong fundamentals has given some countries, especially some … Read More

Qing Wang of Morgan Stanley: “Given China’s high national savings rate, from the perspective of the economy as a whole, there are only three forms in which China can deploy its savings: 1) onshore physical assets; 2) offshore physical assets; … Read More

This is Rachel Ziemba. Brad will I think be back soon but I figured I’d get in one last post going into some excessive details on the Treasury International Capital (TIC) data. These days, the TIC data released monthly by … Read More

This post is by Mark Dow DXY, a dollar index, looks like it has started to break down. At my firm, Pharo, we have been whispering on the trading desk over the last two days that this was looking increasingly … Read More

This Rachel Ziemba, filling in for Brad Setser. I’m having technical upload issues so will add charts later but for now some thoughts on reserves Chinese reserves data released today seem to be one more sign that the Chinese stimulus … Read More

For the last I year I have been writing – on alternate months – a column for Project Syndicate (a syndication service that published such columns in hundreds of newspapers around the world): we alternated one month Bob Shiller and … Read More

Few topics are quite as polarizing as the “savings glut.” The very term is often considered an attempt to shift responsibility for the current crisis away from the United States . That is unfortunate. It is quite possible to believe … Read More

As I discussed a few weeks ago in a New York Times op-ed the Chinese are flexing their muscles on the question of the global reserve currency system dominated by the dollar. With the revision of the SDR basket (so … Read More

Japan’s exports to China are still way down on a y/y basis in May, despite China’s stimulus. Shipments to China, Japan’s biggest trading partner, fell 29.7 percent, more than April’s 25.9 percent. Exports to Asia slid 35.5 percent from 33.4 … Read More

The good news in the latest World Bank China Quarterly : One. China is growing, thanks to China’s government. The World Bank estimates that the government’s policy response will account for about 6 percentage points of China’s 7.2% forecast growth … Read More