Macro Man asked the IMF to sort out a world where the US current account deficit is increasingly financed by the growth in emerging market reserves (and the expansion of a few investment funds).     …

Or for that matter asset-backed commercial paper? Or leveraged loans? Or mortgage-backed securities that lack an Agency guarantee? Danske bank has pulled together a nice survey of all the parts o…

A well-deserved one too. Nouriel stuck to his core views -- housing was massively over-valued, the financial system was heavily exposed to a fall in home prices and the fall out from a fall in US…

The Governor of the China's Central Bank said pretty much all the right things at Davos - at least from my point of view.    China does need to base its growth far more on domestic consumption.  And …

Act one: Tsunami. A few well-timed comments on stinginess produced an outpouring of aid.Act two: The UK plans a "development" G-8 summit. The summit won’t happen for a while, but the real negotiati…