Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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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…
February 15, 2006
Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter
I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightly bi…
January 10, 2006
United States
Directing the perennial dollar horror story
(Dollar) gloom and doom sells. Even if it isn't true.So says Bloggin' Wall Street Folks who worry about the trade deficit are in denial. They cannot accept that in the new (financial globalized) eco…
June 21, 2006
United States
So, is Michael Mandel right? Did intangible income (dark matter) ride to the rescue in the first quarter, offsetting rising US debt?
As Michael Mandel has noted, the US income balance improved in the first quarter – contrary to the expectations of “pessimists” like me. I would say “realists” – rising debt usually implies rising i…
June 12, 2006
Economics
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 understandable to …