Last weekend's Los Angeles Times (via the Economist's View) article on Bush's advisory commission made it pretty clear that at least one member of the commission, Charles Rossotti, had  t…

Alas, this list is rather long.   There is a reason why Mike Dooley ended the first segment of our Econoblog debate by noting that he had been right (and I and other worry warts had been wrong) for 2…

 Stephen "current account deficits don't matter, at least not in the dollar zone" Jen is starting to sound a bit like Brad "Doom and Gloom caucus, trade deficit division" Setser. At least on Chin…

Bill Gross of PIMCO certainly seems to think foreign central banks matter - despite the arguments from some in the Fed (and the Treasury).Foreign central banks made famous and in fact prosperous by t…

Nouriel “If you are going to be a bear, might as well be a grizzy” Roubini has a bit of competition.  Merrill’s David Rosenberg now puts the odds of a recession at up to 80% “HSBC, US Bank ... now pe…

Probably not.  But they may not be so bad for Europe either.  So argues the European Commission. Europe doesn’t use nearly as much oil as the US does – by any measure.  And most of the oil …

1. A rising fraction of the Toyotas sold in the US are now made in Japan.  The Journal:Toyota has said it aims to produce in North America two-thirds of the overall number of vehicles it sells here. …

Stephen Jen of Morgan Stanley insists not-so-big.  Or at least that the large size of the carry trade cannot be proved – and that the impact of any recent unwinding has been overstated.   That is his…

I am back in the United States, and ready to get back to work.   Before turning to the TIC data though, let me first thank Michael Pettis for filling in here so ably once again.    I cannot oversta…