Not the oil price per se, but what oil producers are doing with all the coin that comes with high oil prices.  I have rattled on and on about how China's current account surplus is on track to reac…

I suspect I am one of a very small number of people who eagerly awaits the publication of the Treasury’s annual survey for foreign portfolio investment.     Wall Street doesn’t find it particularly u…

Oil is once again quite strong.    Last summers’ rally was driven in part by a rise the geopolitical risk premium.   This summers’ rally seems a product of both strong global growth and relatively re…

Last weekend's Los Angeles Times (via the Economist's View) article on Bush's advisory commission made it pretty clear that at least one member of the commission, Charles Rossotti, had  tax breaks fo…