5 Results for:

September 12, 2007

United States
A savings glut, not an investment drought -

So argues Ben Bernanke.   His basic argument is very simple.  The emerging world now has a large and growing current account surplus that finances a large and growing current account defic…

October 12, 2006

Europe
Is France the US of the Eurozone — at least when it comes to housing?

I have --on occasion -- pushed against the standard economic narrative on the US and Europe, one that contrasts the "flexible" US with "rigid" Europe.   It has a grain of truth, but only a grain.   T…

french_housing_1

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…

eu_housingmarket_on_the_tak

June 18, 2006

Emerging Markets
A hard landing in 2006 - just not in the US?

Nouriel and I postulated back in early 2005 that there was a meaningful risk that the next “emerging market” crisis might come from the US – and it might come sooner than most expected.   The basic q…

November 21, 2006

Europe
The booms in Spanish and Irish real estate make the US real estate boom look timid

I have outsourced Thanksgiving blogging to Charles Gottlieb of the Center for European policy studies in Brussels.   (Charles.gottlieb at ceps.be)His topic: The Spanish and Irish housing booms (or bu…

spain_ireland_1