Economic Rebalancing

The global economy is horribly out of balance, with the United States going deeper into debt each year as a result of a huge trade gap. This blog describes the process of global economic rebalancing. If you have any comments or questions about the posts here, please don't hesitate to use the comments section.

Thursday, October 05, 2006

Dollar Update

The dollar slide against the RMB was accelerating and it appeared to be breaking down against other currencies, but then end-of-quarter demand from Yen carry traders gave it a a boost against the Yen. This week China is enjoying aa vacation, so the RMB rate is fixed. In the meantime, the dollar has been catching its breath.

In general, the rebalancing process seemed to take a break in much of August and September. More on that after I see the data from the Fed tonight.

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