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

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Foreign exchange reserves are hot hot hot

…reducing imbalances as stimulus policies are eventually withdrawn and demand by China’s trading partners recovers. It’s farcical to think that the G7 can browbeat EM countries into curtailing excessive reserve…

Mark Cuban Makes the Key Point

…fine with companies not beating their numbers if the company is making progress towards a clearly defined goal….Taxation can change the focus on public companies and stock trading. That would…

A different sort of crowding out

…failures like GM should be gone, or at least trading in the pennies — is history. Today, a hedge fund investing billions using a quantitative formula can stall a stock;…

WTO signals backing for border taxes

…the United Nations Environment Programme, the WTO said it was possible to implement border measures for environmental reasons under its rules. EDITOR’S CHOICE Europe moves to reduce pollutants – Jun-26EU…

Regulatory Reform

…up hedge funds, then the all of the people running (and trading for) investment banks which are too big to fail will be fools. A simple ceiling on compensation for…

Trade deficits resume upward climb

…Bloomberg put it: Imports may be first to rebound later this year as the U.S. economy begins to expand, while exports languish until a recovery takes hold among trading partners…

Bugs and Features

Trading volume like it was the day I was born (Nov 9 1960 a Wednesday). The article contains an interesting error since the full horror of the financial services sector…

Tax Competition: why it is not a good thing

…wrong direction” because they “would put U.S.-based companies at a competitive disadvantage in their competition with multinational firms based in other major trading nations.” See Carroll, Bank Secrecy, Tax havens…