The major risk to the global economy is complacency. We cannot keep thinking that we can shrug off the deficit and the property bubble.

The case for a classic U.S. current account adjustment grows more compelling. This could lead to renewed weakening of the dollar and higher long- term real interest rates.

For the last three years, we've had a two-engine world: the Chinese producer and the American consumer. Both engines are going to slow down. The debate will be whether this two-engine global 747 is in danger of stalling.

I continue to find Germany, by far Europe's biggest economy and still the third-largest economy in the world, the most interesting story of all. Germany, despite its bad press, is very much on the move.

By staying disciplined with regard to inflationary policy, the Fed nips any inflationary expectations in the bud.

He's the victim. He was beaten, abandoned, betrayed and his medical needs ignored by David Williams.

In my view, the perils of another burst asset bubble far outweigh the costs of another recession,

I fully expect that the Chinese officials will address these tension points, but will not waver from their steadfast commitment on a medium- to longer-term basis of an open capital account and currency convertibility,

The Fed's going to move 25 basis points; the question is what about after that.

Once viewed as an unparalleled opportunity, the Chinese miracle is now being viewed as a threat by both the U.S. and Japan.