Reuters has done a nice wrap up of what we know -- and more importantly what we don’t know -- about how China manages its reserves. They correctly note that the TIC data misses so much that it, alon…

The new Greenspan.   So says Reuters. Like Daniel Gross, I was betting on Hubbard.   And I certainly would not be surprised if he ends up as the next Treasury Secretary. Expect lots of talk abo…

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…

The health of the US economy - and for that matter the world economy - hinges on the sustained flow of capital from the world's emerging economies to the US.   The health of the US economy also depen…

Most of the blogosphere has already weighed in on Tim Geithner's most recent speech.   I am a bit late to the party.   And I may not have much to add. I deeply agree with Geithner's argument that th…

Larry Summers has always believed that capital should flow from the already rich and aging societies that constitute the current core of the world economy to the poor and young countries on the perip…

That's a headline you won't see in the financial or popular press.  The basic narrative is already established:  France won't change, and as a result, will lag behind the more flexible "Anglo-Saxon" …

Daniel Gross has noted one other way the US and continental Europe are more alike than different - corporate success hasn't translated into broad-based wage gains.    Corporate profits are rising rel…

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 apparently n…