Obama should have made clear the need for China to revalue its currency and rebalance the global economy when he met Hu Jintao, says Martin Wolf. He could reasonably threaten punitive action, such is the need for change
House prices rise again – so is now the time to invest in residential property? Pension deficits are getting worse – what can you do to protect your retirement income? And can you still rely on share dividends?
Has capitalism failed, as communism did? No. Some transition countries are in crisis; but transition itself is not. Liberal democracies and market economies can reform and adapt. They have shown these qualities before. They must do so again, says Martin Wolf
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