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February 17, 2005

The Achilles Heel of Cowboyeconomics

The Wall Street Journal says everyone in the world would benefit from a dose of Cowboyeconomics. You know, exporting tons of debt, to support consumption growth well in excess of income growth ... …

July 25, 2005

Emerging Markets
It would be easier to take creditor complains about Argentina more seriously …

if international investors -- not just local ones -- were not scrambling all over themselves to buy Argentina's most recent dollar-denominated bond issue. Yes -- evey now and again, I do still in…

August 1, 2005

China
Can China add close to $300 b to its reserves a year and have no impact on the bond market?

Rarely do I disagree with the premise of an article more than with the Mark Whitehouse  Friday C1  Wall Street Journal article "China's Move Makes No Waves in Bond Market." Premise.  China moved.  It…

September 4, 2005

Economics
Financial storm gathering?

Andrew Lo of MIT apparently thinks so.  His work provided the basis for this New York Times article by Mark Giben, an article that probably will attract less attention today than it would in more tra…

September 16, 2005

United States
The q2 current account deficit and global adjustment

Some days are marked by a surplus of good material.   The TIC data.  The second quarter current account data.  DeLong's magnus opus on what the great and good talked about on the margins of Jackson h…