PBOC Faces Renewed Difficulties as Fed Opens the Dollar Spigot
(Bernanke's Recent Speech on Monetary Policymaking in a Low-Inflation Environment Clearly Suggests that QE II is Likely)
Frontier Markets
Who is More Serious about Tackling Environmental Challenges?
Punch line:
“China’s incentives to encourage low- carbon generation such as solar and wind power are almost triple those in the U.S., according to the Climate Institute”.
French giant Alstom to Benefit from India’s Rail Expansion
US Agricultural Export Boom Continues
http://www.bloomberg.com/news/print/2010-10-17/agriculture-surge-means-booming-u-s-exports-with-obama-channeling-kansas.html
Larry Summers - Interesting Speech in Mumbai
“… perhaps – in 2040, the discussion will be less about the Washington Consensus or the Beijing Consensus, than about the Mumbai Consensus – a third way not based on ideas of laissez-faire capitalism that have proven obsolete or ideas of authoritarian capitalism that ultimately will prove not to be enduringly successful.
Instead, a Mumbai Consensus based on the idea of a democratic developmental state, driven not by a mercantilist emphasis on exports, but a people-centered emphasis on growing levels of consumptions and a widening middle class.
A consensus based globally not on the idea that competitiveness was in service of a nation trying to win a zero sum game, but rather on the idea that through international integration, nations could diversify, pursue their strengths, and realize together the benefits of larger global markets.”