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January 26, 2009

Emerging Markets
A truly global slump.   Do not look to the emerging economies for good news ... A truly global slump. Do not look to the emerging economies for good news ...

Only a few months ago it was common to argue that growth in the emerging world would prevent a global recession. That forecast looks increasingly wide of the mark. The slowdown in the emergi…

April 17, 2006

Economics
Does the Journal think 6.2% is a credible forecast for the 2006 US current account deficit?

The actual source for this forecast is Moody's Economy.com.   But the Journal now uses Moody's Economy.com regularly for their "Global economic snapshot" (page a8 of the print editition).  Th…

June 21, 2007

Financial Markets
Yes, Virginia, exchange rates do matter (JPY edition)

The yen depreciates.   Against the dollar, bien sur.   But especially against the euro and other European currencies.    Guess what happens?Japanese exports to Europe rose by nearly 18% (y/y) in May…