Home Blogs Asian Chemical Connections

Asian Chemical Connections

G20 Reassurances Not Enough To Stop A Currency War

By John Richardson PRESIDENTS XI Jinping and Barack Obama have made a commitment to avoid competitive currency devaluations at the G20 summit in Hangzhou. The fact sheet released by the two presidents also contained this statement: [China will] “continue an orderly transition to a market-determined exchange rate, enhancing two-way flexibility. “China stresses that there is […]

US Economic Rescue Fails On Missing Human Factor

By John Richardson THE US Federal Reserve thought it understood how the world worked, thanks to its FRB/US (Ferbus) computer model. “Assuming that the FRB/US model does a good job of capturing the macroeconomic implications of declining house prices, such an event does not pose a particularly difficult challenge for monetary policy,” John Williams, then […]

Jump to page: