222 Results for:

July 19, 2005

Calculated Risk might want to start looking at the Netherlands

Calculated Risk has long argued that those wanting to peer into crystal ball and see the future of the US economy should look at Britain -- since Britain’s housing boom started before the US boom, an…

May 12, 2005

United States
The sustainability of the current account deficit, once again

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…

June 20, 2005

United States
Setser and Roubini respond to Levey and Brown: deficits do matter

The current issue of Foreign Affairs contains the rebuttal that Nouriel and I wrote to the David Levey and Stuart Brown’s "Current account deficits do not matter" article that appeared in the March/…

June 23, 2005

United States
How does the Fed imagine the US current account deficit will adjust?

Greenspan does not think a revaluation of the RMB would have a major impact on the US trade balance.The Fed does not think that reducing the fiscal deficit would generate a major reduction in the cur…

October 14, 2005

Financial Markets
Are tax breaks for houses at risk?

Last weekend's Los Angeles Times (via the Economist's View) article on Bush's advisory commission made it pretty clear that at least one member of the commission, Charles Rossotti, had  t…

March 12, 2006

Economics
Read Dan Gross on Globalization a la carte

As usual, Gross has a lot of smart things to say about limits on cross border investment in a no-longer-quite-so-flat world -- or what he calls globalization a la carte. Limits on cross-border invest…

March 27, 2006

Economics
The Economist’s Lexington columnist needs to get out a bit more …

Rather amazingly, the only US public intellectuals that seem to have made it onto Lexington's radar screen come from the American right.     The Neocon right and its pet idea (invading Iraq), the…

October 12, 2006

Europe
Is France the US of the Eurozone — at least when it comes to housing?

I have --on occasion -- pushed against the standard economic narrative on the US and Europe, one that contrasts the "flexible" US with "rigid" Europe.   It has a grain of truth, but only a grain.   T…

french_housing_1

September 20, 2006

Europe
Is it Europe’s turn to rise a housing bubble?

Both Morgan Stanley (at least Eric Chaney) and JP Morgan (in their latest global outlook) now recognize that Europe has emerged as an important engine of global demand growth.    Indeed, the 2005 sur…

eu_housingmarket_on_the_tak

November 5, 2006

Monetary Policy
Stephen Jen - the anti-Roubini (and the anti-Setser)

The odds of a US recession: Nouriel Roubini: 90% Stephen Jen: 13%  I know my comparative advantage does not lie in gauging whether or not a sharp fall in residential investment will spill o…