tag:blogger.com,1999:blog-5880610.post110533032744828425..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: China's world beaters?Steve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5880610.post-1133806515402024812005-12-05T13:15:00.000-05:002005-12-05T13:15:00.000-05:00Interested. Keep Blogging!Interested. Keep Blogging!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105405151809658452005-01-10T19:59:00.000-05:002005-01-10T19:59:00.000-05:00Stephen Roach has often repeated what Arthur Burns...Stephen Roach has often repeated what Arthur Burns told him, "Don't underestimate the American consumer." Roach would repeat this when encouragement was needed, and would likely wish there were no encouragement now. Though I would much prefer more saving, I rather think only higher interest rates will bring this.<br /><br />AnneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105385490573213492005-01-10T14:31:00.000-05:002005-01-10T14:31:00.000-05:00The Fed governors may well be preparing us for fas...The Fed governors may well be preparing us for faster short term interest rate increases, but long term bond investors just do not react. I am astonished at the lowness and quiteness of long term rates. Is growth solid enough that the economy would be little slowed by a sharper pattern of interest rate increases? I worry, and there is a reason I resist the austerity tones of Stephen Roach.<br Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105378617486260132005-01-10T12:36:00.000-05:002005-01-10T12:36:00.000-05:00Though I can grumble about Stephen Roach for too m...Though I can grumble about Stephen Roach for too much of a propensity to ask for austerity measures to correct economic imbalances, I am increasingly wondering whether monetary policy has been as helpful as it might have been for smoothing our growth patterns since 1999.<br /><br />AnneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105376978811689042005-01-10T12:09:00.000-05:002005-01-10T12:09:00.000-05:00Stephen Roach has a powerful article questioning t...Stephen Roach has a powerful article questioning the policy approach of Alan Greenspan, in "Foreign Policy." What I have to ask is whether the Fed was actively targetting asset prices from 1998? Similarly the Fed may have done just this from 1990 to 1994, as banking soundness appeared at risk. Then, too, the Fed Chair made what I consider a major mistake in supporting our turn to severe long Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105372529150328592005-01-10T10:55:00.001-05:002005-01-10T10:55:00.001-05:00Anne :)Anne :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105372501428628062005-01-10T10:55:00.000-05:002005-01-10T10:55:00.000-05:00Simply paying attention to the arts in China tells...Simply paying attention to the arts in China tells me the "Economist" is as usual on cultural matters rather limited.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5880610.post-1105365481304330282005-01-10T08:58:00.000-05:002005-01-10T08:58:00.000-05:00The Economist article makes some good points, espe...The Economist article makes some good points, especially the fact that too much government control is a cause for this (like the comparison with Korea). But I notice some cultural biases in the piece. There is a growing element of R&D going on in China (western multinationals); they don't just make "dollar store" goods. After some inevitable failures, they will have some international presence. Anonymousnoreply@blogger.com