Monthly Archives: December 2010

A Review of Predictions of the Last Decade

         December 31 is technically the end of the first decade of the 21st century.  It is perhaps an appropriate time to review one’s predictions.    It seems to me that I got some things right over the last decade.  Indulge me while I review the predictions that came true, before turning to those that did […] Continue reading

Posted in Budget, Dollar, Financial Crisis, Investing, Obama Administration, Recession | Tagged , , , , , , | Leave a comment

The Phylloxera Analogy: Lessons from Emerging Markets

    
      In 2008, the global financial system was grievously infected by so-called toxic assets originating in the United States.  As a result of the crisis, many have asked what fundamental rethinking will be necessary to save macroeconomic theory.  Some answers may lie with models that have in the past been applied to fit the realities […] Continue reading

Posted in Asia, Emerging markets, Financial Crisis, Latin America | Tagged , , , , , | Leave a comment