– Jeremy Boulton is an FX market analyst for Reuters. The opinions expressed are his own –
By Jeremy Boulton
LONDON, Aug 13 (Reuters) – The United States and China are again on collision course over the yuan, bringing the threat of protectionism and the potential to tip the world back into recession.
An export led recovery, or at least a recovery aided by a more competitive export sector, has been seen as an easier option than boosting demand for governments trying to shore up their economies.
– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –
By Hugo Dixon
DAVOS, Switzerland, Jan 28 (Reuters Breakingviews) – Nicolas Sarkozy’s anti-market rhetoric is misconceived. The French president used his address in Davos to blast the untrammelled free market. While the economic crisis has certainly exposed deficiencies in financial capitalism, this is largely because market forces were too weak rather than too strong.
Sarko had some easy targets. Top of the list were bankers. Their “heads-I-win, tails-you-lose” pay practices are an outrage. But these are not the result of the free market operating properly. They are the result of governments and central banks rushing in and bailing the industry out when it runs into trouble.
