Koreans save; Californians do not - but they do want to sell real estate.  And autoworkers in Michigan and Ohio should not count on being part of the American middle class for much longer.   Delp…

I was interviewed by Adam Davidson of NPR about the Treasury’s forthcoming foreign exchange report (to be released at 4 pm today). You can hear the results here.    Adam Davidson also interviewed the…

7.992 7.9955 7.996 Anyone detect a pattern?    China’s de facto dollar peg seems to be around 7.99. At least for now.  I haven’t written much about China recently because nothing much seems…

1. A rising fraction of the Toyotas sold in the US are now made in Japan.  The Journal:Toyota has said it aims to produce in North America two-thirds of the overall number of vehicles it sells here. …

Dr. DeLong is engaged is a rather spirited debate over at TPMCafe – one that mirrors the debate inside the Democratic party.  It is a debate over trade, but it also is a debate over US grand strategy…