306 Results for:

May 18, 2006

United States
If Zambia can create assets that appeal to US investors …

It seems like some investors in the US are dabbling in Zambian t-bills.   Or at least were until a few days ago.  The flow of private money from the US to many emerging economies is one reason why I …

May 7, 2006

United States
Searching for the origins of dark matter

Hausmann and Sturzenegger, if nothing else, have spurred a lot of work with a catchy title and a bit of clever accounting. We now know that:Dark matter stems more from low (reported) returns on forei…

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May 30, 2006

China
China probably holds over 70% of its reserves in dollars

Or, rather, it almost certainly held at least 70% of its reserves in in June 2005.   At the end of June 2005, China’s reserves – counting reserves transferred to the state banks – were around $770b. …

July 3, 2006

United States
Paging Michael Mandel. I give up … there isn’t that much to worry about. At least not judging from the 2005 NIIP data.

OK, I am not really ready to give up.  But the 2005 net international investment position (NIIP) data sure didn't provide me much to work with.For a couple of years now I have been warning agains…

March 14, 2006

United States
The 2005 (and 2006) current account deficit

The 2005 current account deficit: $805 billion. or 6.4% of US GDP That is a bit smaller than I expected.    The q3 deficit was revised down.  Reinsurance payments were higher than initially foreca…

December 4, 2005

Economics
What is the matter with Kansas?

After seeing this graph over at Calculated Risk, I could not resist.   It seems my home state has the least housing froth around ...Maybe it has something to do with the fact that a (very young) Univ…

June 14, 2006

United States
Disappearing Debt

I have already commented extensively on Daniel Gros’ argument that the US balance of payments data seems to suggest that US firms reinvest a lot of their overseas earnings, while foreign firms reinve…

April 19, 2006

United States
You can not put dark matter in a container …

So says Michael Mandel.   Some of us might say you can't put dark matter in a container because it doesn't really exist.That is not Mandel's argument.  He believes in dark matter, though …

January 27, 2006

United States
Imports surge, GDP and exports don’t …

The market thinks that the (bad) q4 GDP number is old news; the economy is looking far better in q1.   The market is also banking on stronger export growth to help support US growth in 2006.  See Jus…

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…

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