« What would one do? | Morons. Really morons »

January 26, 2005

Dollar position, FT: Is Sullivan on crack?

I have to say I read the following on the Sullivan site and I was.... bemused I think is the best word:

http://andrewsullivan.com/index.php?dish_inc=archives/2005_01_23_dish_archive.html#110660871036790694
"A DOLLAR CRASH? Dan Drezner parses a recent Financial Times headline. Check his comments section too. I have to say the FT is now such an Anti-American paper, I'm beginning to wonder if its financial reporting isn't part of the bias."

What the fuck?

First, the FT is an "anti American paper"? It's certainly not a Bush Admin cheerleader (ex Amity Shlaes' Wall Street Journal impressions) but that makes it "anti American"? Is Sullivan on crack?

Second, the idea that the article in question is "biased" is silly:
Central banks shift reserves away from US
By Chris Giles
Published: January 24 2005 00:03 | Last updated: January 24 2005 00:03
http://www.ft.com/cms/s/9ef63678-6d7d-11d9-9b69-00000e2511c8.html
The title could be clearer, but bloody hell, it's a title in a newspaper.

The report is unambig.: a survey of CBs willing to respond anon found a move to reducing dollar asset exposure as intended/planned/desired.

Now sure, if one is not a sophisticated reader one can misread the arty or draw too drastic conclusions, but that's not FT's fault. Where anti American comes into this utterly escapes me - I suppose an example of Right economic illiteracy and substituting politics for economic analysis in operation.

Posted by The Lounsbury at January 26, 2005 01:39 PM
Filed Under: Jan-July 2005

Trackback Pings

TrackBack URL for this entry:
http://www.aqoul.com/movabletype/mt-tb.cgi/666

Comments

Posted by: Klaus at June 15, 2006 11:41 PM

Comment Subscription

Email Address: