Remember “global imbalances”? The lopsided economic relationships between exporting nations like China, Japan, Germany, and the OPEC nations on the one side and importers — mainly the U.S. — on the other were a big topic a couple years ago. Some even argued that they’d caused the financial crisis. But you don’t hear nearly as much about them now. I did a quick search on Factiva to verify this impression: 495 mentions of the phrase “global imbalances” in the first three months of 2009; 175 mentions in the first three months of this year.
The (Postponed) End of the Dollar Era
Remember “global imbalances”? The lopsided economic relationships between exporting nations like China, Japan, Germany, and the OPEC nations on the one side and importers — mainly the U.S. — on the other were a big topic a couple years ago. Some even argued that they’d caused the financial crisis. But you don’t hear nearly as […]
April 09, 2012