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January 4, 2005

Is the US a generous country?

I am not sure I want to wade into this debate.But I am pretty sure that Carol Adelman did not prove her case in today’s New York Times.Her argument is that aid flows are being privatized, and if you …

March 2, 2006

United States
It is official: the current account deficit doesn’t stem from a boom in investment in intangible assets

OK, maybe not official.  But the Economist, drawing on the work of Carol Corrado, Dan Sichel and Charles Hulten, has the key chart.  Check it out. Investment - including investment in intangible asse…

November 21, 2006

Europe
The booms in Spanish and Irish real estate make the US real estate boom look timid

I have outsourced Thanksgiving blogging to Charles Gottlieb of the Center for European policy studies in Brussels.   (Charles.gottlieb at ceps.be)His topic: The Spanish and Irish housing booms (or bu…

spain_ireland_1

December 24, 2007

Economics
Holiday ice-blogging

Kansas isn't quite as icy as it was two weeks ago, but it did snow two days ago.(photo credit: Carole Setser)I plan to focus on eating and drinking over the next few days -- I'll resume posting next …

glistening_sycamore_900_01

October 12, 2008

Financial Markets
On the precipice

Words no Managing Director of the International Monetary Fund ever wants to utter: “Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pu…