Deflation Arrives in the UK but “Avoided” in US?
September 9, 2009 – 1:05 pm | No Comment

Two contrasting statements are hitting the front pages today.  On one side of the Atlantic, deflation has arrived in the U.K. High Streets. A report from British Retail Consortium (BRC)-Nielsen Shop Price Index shows that …

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Article Archive for November 2009

Are Capital Controls in Fashion Again?
November 4, 2009 – 9:44 pm | No Comment

Currency
appreciation in emerging markets has been particularly strong this year both
because of external conditions, including high liquidity, a weak
US dollar and strong risk appetite, and domestic factors such as strong
fundamentals, high potential growth and wider …

Bloomberg’s Reporting of my Remarks…
November 4, 2009 – 9:44 pm | No Comment

From Bloomberg:
Oct. 27 (Bloomberg) — Investors worldwide are borrowing
dollars to buy assets including equities and commodities,
fueling “huge” bubbles that may spark another financial
crisis, said New York University professor Nouriel Roubini.
“We have the mother of all …