177 Results for:

November 16, 2005

United States
The Twin Deficits … an early look into 2006

I wanted to try to pull together some of my thoughts after various data releases of last week:The US September trade dataThe Chinese October trade dataThe October US budget dataAnd from a bit earlier…

2004 non oil trade

October 26, 2005

United States
What to say when the markets are listening to Stephen Jen?

The Economist's Buttonwood struggles with something I have also struggled with:Stephen "Interest rate and growth differentials, not current account deficits" Jen has basically been right on the d…

September 1, 2005

Economics
Some thoughts on Katrina and the economy

I understand the reasoning behind the standard argument that big storms have less impact on an economy - particularly a large and diverse economy - than one would expect looking at the scale of the d…

November 28, 2005

China
China still pegs to the dollar …

And it intervenes in a big way in both the spot and the forward market.  But it doesn't manipulate its currency.  At least not technically.   The US Treasury - in a widely telegraphed move - deci…

August 10, 2005

China
Will an (onshore) forward market for the RMB change the world?

Dan Drezner and David Altig are waxing enthusiastic about China's decision to allow domestic banks to trade the RMB forward - a development that in theory will help Chinese firms to better "hedge…

October 24, 2005

United States
Bernanke and the global savings glut

If you want a quip --A John Roberts, not a Harriet Miers.  Actually, more of a moderate John Roberts than a John Roberts. Bernanke will have no trouble getting confirmed.  Bernanke's academic cre…

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

September 16, 2005

Economics
Happy (late) blog birthday

It has been a bit over a year since I started doing this.   I did not anticipate the blog would generate half the audience it has.   I often have focused on relatively obscure topics: the global bala…

March 8, 2006

Emerging Markets
The market concludes (many) risks do not exist. And then it reevaluates.

I was going to write about how the markets have concluded that risk does not exist.After all, early last week, the market thought that dollar bonds issued by emerging economies were not that much mor…

November 21, 2005

Economics
Rogue Copper Trader?

Copper - according to Dan Gross -- is a good leading indicator of global economic activity.  It also is trading at close to a record high.  Other metals too. Last year, financial types used to joke…