30 Results for:

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…

June 26, 2009

United States
The 2008 US net international investment position: Without valuation gains, ongoing borrowing pushes the US deeper into the red

For a long time, large US trade and current account deficits didn’t push up the total amount the United States owed to the world, at least not if the market value of US investment abroad was netted a…


March 30, 2006

United States
Read Barry Eichengreen

Eichengreen provides the best summary I have seen of competing views on the sustainability of large US trade deficits, along with the impact of sustained trade deficts on US external debt and the inv…

June 12, 2006

Maybe Disney doesn’t generate so much dark matter after all

Check out today's Wall Street Journal story on Hong Kong Disneyland.  It doesn't seem to be living up to expectations.Disney is making dozens of changes to make the experience more understand…

September 26, 2006

United States
The deterioration in the US income balance has just begun ….

Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal.   The US paid more in interest and dividends on its external borrowing (and foreign equity 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…


February 22, 2006

United States
Shrinking dark matter watch

Or maybe shifting dark matter watch. Via Barry Ritholtz comes news that increasing US investment (according to Mandel) in one key intangible asset - US brands - may be yielding diminishing returns.  …

March 27, 2008

United States
The 2007 US current account data

The US recently released its current account data for the fourth quarter. Among other things, the data showed another $150b in official inflows in q4, bring the total for 2007 up to around $400b. In …


January 3, 2006

United States
Dark matter watch

Ok, not real dark matter.   Hausmann and Sturzenegger defined "dark matter" as the difference between the assets (or liabilities) implied by US "income" payments, and the United States net internatio…

April 4, 2007

United States
The income balance — the new driver of the US current accout deficit?

Many analysts believe – extrapolating from the q4 data and the stabilization of the non-oil trade deficit – that the US current account deficit has peaked.  Stephen Jen is the most prominent example,…