On May 17, the U.S. Treasury Department issued yet another strong warning to China over its currency. A CNN/Money article on May 17 reports: ‘China could be deemed a ‘manipulative trade partner’ if it doesn’t …
After a decade and a half of recession, “deflation and national funk”, Japan may be bouncing back, says Richard Lloyd Parry in The Times. But when it comes to property, “we can’t shake off the …
In recent months we have highlighted developments in Australia, another economy whose very rapid rates of house price growth in recent years appear to have left its housing market significantly overvalued and vulnerable to a …
Nothing has happened to change our view that the dollar has now commenced its next big move down. In the short term, this will be helped by the expectation of at least a lull in …
We all listen to what we want to hear, especially in the West. Here most economies are dominated by the services sector, so we enjoy a sedentary and office-bound existence; liberal political systems have given …
Dependence is not usually a source of contentment, especially in the case of nations. Turkey, with one of the most oil-dependent economies on the face of the earth, has bitter experience of how surging energy …
Koizumi’s LDP won a landslide in elections to the lower house of the Japanese parliament. At first sight this outcome is everything the markets wanted: a decisive result which ends political uncertainty, the re-election of …
The world’s largest economy is vulnerable on so many fronts. In the US, social emphasis is being placed on protecting ourselves against terrorists and the threats of nuclear and chemical attack. But perhaps an equally …
I recently made the case that the Fed needs to pause in its ‘measured tightening’ cycle for at least the September Fed meeting, until we can see the full effects of Katrina and the oil …
Japan’s Prime Minister, Junichiro Koizumi has “won an overwhelming election victory”, said The Times. The win represents the first time the Liberal Democratic Party has had an “outright majority” since 1990, and is “a vindication” …