Atlanta Constitution column-January 26, 2005

Apparently, the industrial world is becoming increasingly concerned about
China’s currency policy.  The International Monetary Fund has just released a paper explaining why a fluctuating Chinese currency is in that country’s own best interest. 
China currency reforms will be a major agenda item at the next G-7 meeting of major industrial countries. 

 

Atlanta Constitution column-January 19, 2005

After the November report of a record trade deficit was released, economists rapidly reduced their forecasts of fourth quarter economic activity.  At the same time, they began talking about the J-curve.  Why did one report create such a response?

 

First, let me explain what is meant by the J-curve. 

Atlanta Constitution column-January 12, 2005

Stock prices have stumbled out of the gate during the first few days of this year.  One reason is profit taking after a very strong fourth quarter.  Another is that many assumed stock prices would rise in January and might have bought in December to catch the full surge.  When January arrived, the buyers already had bought. 

Atlanta Constitution column-January 5, 2005

In the recently released minutes of the last Federal Reserve Open Market Committee meeting, several regional presidents expressed concern about rising inflationary pressures.  Staff memos suggested that continued high oil prices, slowing gains in productivity, and a weaker dollar will combine to increase inflation in 2005.