For anyone who DOESN’T think the stock and bond markets are currently hopelessly distorted, I recommend taking a long cold look at the hedge fund industry. It is a sobering spectacle.

The Institute for International Economics Tuesday held a seminar in which the domestic imperatives and the international imperatives for the U.S. trade agenda were examined separately. From the seminar, it became pretty clear that the potential deals that might benefit world trade and the world economy were not the ones that Congress was likely to […]

Late in 2001 I wrote a piece on Latin America “The darkening continent” that aroused considerable skepticism, since at that time Latin America was still thought to be a bastion of “neo-liberal” success. Several years later the continent has indeed darkened, but is it fated to continue doing so?

(published by United Press International, February 7, 2005.)