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July 13, 2006

United States
US oil imports (in volume terms) may have plateaued, but has the US trade deficit peaked?

Jeremey Peters' New York Times article on the trade deficit says that there is no sign that the US demand for oil imports is slowing.   The evidence: oil imports, in millions of barrels per day, are …

non_petroleum_07_2006

September 8, 2006

Monetary Policy
Watch out China, you may soon be (financially) out-gunned …

China’s July reserve increase – at least if the end-July total of $954.5b that the Chinese leaked is right (Lex had a slightly higher number) – was pathetic. A measly $14b.  Not the manly $20…

October 2, 2006

United States
Daniel Gross is right …

The increase in the interest bill of the US government is an underreported story.   The CBO reports that FY 2006 interest payments will be about $40b more than FY 2005 payments.  And that trend is se…

October 3, 2006

Monetary Policy
Bretton Woods 2 lives

The IMF released its data on global reserve growth on Friday.   And – to no one’s real surprise – the IMF data indicated that there is one key reason why capital flows uphill in today’s global econom…

October 17, 2006

China
A trillion dollars here, a trillion there and pretty soon you are talking about real money

I have written extensively about China and Chinese reserve growth recently. So I won’t use Tuesday’s Wall Street Journal article as the spring board for another long post.  Just a sort of long post.T…