In this crucial area, China is not playing by the rules. Failure to get progress on the economic issues will undermine the whole relationship and make it harder to get cooperation on security issues.

Fred Bergsten

Failure Progress Rules Will

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The failure to get progress on the economic issues may undermine the overall relationship and then make it harder to work together on the security concerns.

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In a matter of years, not decades, the euro will move up alongside the dollar in a bipolar global monetary framework.

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The (Federal Reserve) should certainly emulate the decline in market (interest rates) and should cut by a least a full percentage point, building on the steps already taken.

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