リンク: Marginal Revolution: Should we be afraid of hedge funds?.Sebastian Mallaby says no; this is the best piece I have seen on the topic. Excerpt:...hedge funds collectively do not so much create risk as absorb it. The funds can be view…

リンク: Eurozone Watch ? The case for political union: OCA revisited.by Daniela SchwarzerAs announced on this blog three weeks ago, Eurozone Watch intends to catch up with the arguments about a stronger political dimension of EMU which hav…

リンク: Greg Mankiw's Blog: Bernanke to China: Stop Saving.Ben Bernanke says the Chinese should stop saving so much:Today, about half of China's GDP is devoted to investment and to producing net exports for the rest of the world, and thus …

リンク: Forex Blog: Commentary: The Inevitable Decline of the USD. For years, economists have been arguing that the USD was vastly overvalued, and a fundamental correction was in order. Last month, their claims were born out, as the bottom…