Stephen Kirchner (Institutional Economics) has taken particular glee in the recent TIC data, as recent inflows into the US has been large enough to finance even larger current account deficits than t…

Two weeks ago I would have expected Brazil's Finance Minister to be forced out before Argentina's Finance Minister...   However, Palocci is a close ally of Brazil's Lula; Argentina's Lavagna has neve…

Both Brazil and Argentina now want to repay the IMF before the end of the year.  Call it contagion of a different sort.  Turkey may not be far behind, given how much private money is now flooding int…

I am a bit late here, John Berry reported on Martin Feldstein's paper on monetary policy in a world of more integrated global capital markets over a month ago.But it is still interesting to read Feld…

Stephen Kirchner take note.  Alan Greenspan, too.  Dr. Feldstein thinks central banks -- and oil sheiks -- are behind a lot of private flows into the US.  And he doesn't seem convinced that this is w…