Relevant and even prescient commentary on news, politics and the economy.

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Inflation Watch

…rising faster, which in turn would increase business costs further and lead to even greater pressure on businesses to raise prices for all types of goods and services. However, this…

Thoughts about the Roberts Confirmation

…very conservative (if indeed he is), and make that publicly and well known, then perhaps that will help public pressure build for a more moderate replacement for O’Connor. Alternatively, if…

Two Comments on the Yuan Revaluation

…of real wages of non-supervisory production workers, a group under pressure in the global economy, is about 0.9 percent above the rate of inflation (using the non-core PCE deflator). This…

Finally, the Big Event: China Revalues

…markets stop putting pressure on the yuan to appreciate, which would happen if this slight change in the exchange rate is enough to make the yuan less attractive to investors…

Tariffs on Apparel v. Yuan Revaluation

…The Bush administration’s effort to increase pressure on China to overhaul its currency regime got less than rave reviews from Federal Reserve Chairman Alan Greenspan and key central bankers from…

If the National Review Determined Monetary Policy

…to show the worst wage performance is for non-supervisory production workers, a group that is under particular pressure in a globalized economy. A broader inflation measure (the overall PCE deflator…

China’s New Weapon

…your decision regarding issue X. (Selling new arms to Taiwan? Supporting a Taiwanese declaration of independence? Increasing pressure on N. Korea beyond what China wants? Providing public support for a…

Housing: Speculation is the Key

…If the speculator chooses to sell, this will add to the supply and put additional downward pressure on the price. This type of speculation appears to be rampant only in…

A Tale of Two Landings: Part I

…possibly dramatically, against the defecting country’s currency. There would also be some upward pressure on US interest rates. However, the larger Asian CBs (i.e. Japan and China) will still have…