June 20, 2005
United StatesThe 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/…
July 19, 2005
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…
October 14, 2005
Financial MarketsLast 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 2, 2006
United StatesOK, 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…
March 12, 2006
EconomicsAs 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
EconomicsRather 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…
June 18, 2006
Emerging MarketsNouriel 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
EuropeBoth 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…
October 12, 2006
EuropeI 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…
November 5, 2006
Monetary PolicyThe 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…