The Rupiah Revisited
The Indonesian rupiah is melting down, again. To understand why, we must go back to August 1997. That is when …
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China’s War Chest
In October, Thomas Schelling shared the Nobel Prize in economics for his discoveries about game theory, which is the analysis …
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Lesson From Shanghai
Last year was another great one for emerging markets. The MSCI Emerging Markets Index delivered a 34.8% return in U.S. …
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Crude Predictions
In late 2004, with oil at $50 per barrel, I wrote a contrarian column, taking issue with oil-price doomsters. Once …
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Go for Dividends
Following the accounting scandals that surrounded the collapse of Enron and WorldCom, Washington had to do something. In July 2002 …
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Uncle Sam Knows Best?
Under a barrage of fallacious arguments from the Bush administration and the U.S. Congress, Beijing made a tactical retreat on …
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