Schlesinger and Murray have a pre-debate overview of economic issues in today’s Wall Street Journal. All in all, it is not bad.But I do object to their characterization of Social Security. They not…

Yes, I am repeating myself. But the data is pretty clear.Housing Prices. Up. Particularly in big cities on the coasts. Leading indicators for housing. Up. Check out Calculated Risk for more.Ma…

The CNOOC bid presumably is motivated by two things. One, Beijing has plenty of cash, and already holds more Treasuries than it wants, so it wants to diversify its portfolio. As I argued earlier, C…

Rather amazingly, the only US public intellectuals that seem to have made it onto Lexington's radar screen come from the American right.     The Neocon right and its pet idea (invading Iraq), the eco…

Obama SOTU to Focus on Rebuilding Economy President Obama is expected to use his State of the Union speech (FT), the last before the November presidential election, to push for what he called in a w…