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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 eco…

May 31, 2006

Economics
Paulson, not Evans … but don’t look here for an explanation of what it means

The Goldman takeover of W's second term (Bolton, Paulson) continues ... I'll leave it to you all to figure out.My timing isn't great, but I am taking a few days off -- and won't have sustained intern…

June 18, 2006

Emerging Markets
A hard landing in 2006 - just not in the US?

Nouriel and I postulated back in early 2005 that there was a meaningful risk that the next “emerging market” crisis might come from the US – and it might come sooner than most expected.   The basic q…

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

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