Welcome Felix Salmon …

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Economics

Felix Salmon – who has long followed emerging market debt for Euromoney – has started blogging for RGE. He wants to do a real bloggy-blog.  Lots of updates.  Short, sharp comments not lengthy diatribes ... and so on.  

Clearly, he didn’t take lessons from me or from Nouriel.

He also has already managed to provoke a few reactions from me – He almost bought Dr. Cowen’s arguments on China, for example, and seems to think OPEC is irrelevant.   Tis true that OPEC hasn’t shown much capacity to act collectively.  But right now I rather suspect that the Saudis have enough market power to act “to stabilize” oil markets on their own …  OPEC may not matter, but I suspect the Saudis matter rather more than in the past.

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Economics