And now I remember this guy full well. Biff Delong always cites him at his always comic site.
Former IMF plodder, writes somewhere between Krugman and Greenspan on the obscurity index. This is the guy who thinks the US dollar is overvalued because the US has large reported trade deficits. So according to his calculation, the yen should be at something more like 100 yen to the dollar than the current 120 or so. This is completely untenable for Japan. As if the yen-dollar value was something only Japan should worry about when the dollar a defacto world currency. PPP puts the yen at overvalued even at 130 or 140. Nor does he ever discuss the simple cause and effect of the yen being overvalued causing 4 consecutive years of price deflation in Japan. Also, he is a great advocate of 'bank reform' for Asia. So I say, f- him. CJannuzi __________________________________________________ Do you Yahoo!? HotJobs - Search new jobs daily now http://hotjobs.yahoo.com/
