Stephen Kirchner (Institutional Economics) has taken particular glee in the recent TIC data, as recent inflows into the US has been large enough to finance even larger current account deficits than t…

I tend to agree with Stephen Roach more often than naught.   But every now and again, I do disagree with him.  And I am not convinced that petrodollars, are well, no longer petrodollars.   That is, t…

Yes, I am petrodollar obsessed.   But setting China aside, this year's rise in oil prices has shifted the world's current account surplus toward the middle east and Russia in a big way.   Saudi Arabi…

Alas, this list is rather long.   There is a reason why Mike Dooley ended the first segment of our Econoblog debate by noting that he had been right (and I and other worry warts had been wrong) for 2…

I must have rolled out off the wrong side of the bed.   A few things about the commentary on the record 2005 trade deficit have been bothering me.  Above all, the argument that the US trade deficit i…