I have always thought the argument that attributed the widening trade deficit to the absence of growth abroad was a bit deceptive, for the simple reason that in aggregate, growth abroad has been quit…

Two apologies in advance: First, this is one my wonkier/ data-intensive kind of posts. Second, this post responds to a subscription only Wall Street Journal C4 article by Agnes Crane that ran last …

Luxury retailers are doing better than retailers that sell to poor folks ... that probably reflects the difference between those who are trying to get by on stagnant wage income in the face of higher…

Most major emerging economies -- China excepted -- have reported their reserves. The reserves of 10 major emerging economies (NICs, Malaysia, Thailand, India, Brazil, Mexico and Russia) rose at a st…

The market seems to have concluded that there is no need to put any pressure on the US to reduce its large external deficits. The dollar is up, at least against the euro. So is the renminbi for th…