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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May 11, 2005
United States
Good News. Trade deficit falls to $55 billion
What happened?Quick answer:Look at seasonally adjusted non-petroleum imports (All data comes from here).Jan 2005: 142.4 bFeb 2005: 143.4 bMarch 2005: 138.3 bJan 2004: 122.2 bFeb 2004: 124.6 bMarch 20…
March 22, 2009
Budget, Debt, and Deficits
Last week’s move in the Treasury market ...
When financial historians get around to writing the history of the great crisis of 2008 (or great crisis of 2007-09?), they will no doubt focus on the collapse of the market for securitized mortgages…
May 18, 2009
Monetary Policy
Russia’s waning appetite for dollars
If Russia were China -- or if Russia’s reserves were growing at the same pace as in late 2007 or early 2008 – today’s revelation that Russia cut the dollar share of its reserves over the course of 20…
July 19, 2009
United States
Don’t ignore the adjustment that has taken place; the US trade deficit is half its size this time last year …
Most reporting on the May trade data tried to fit it into the “green shoots” meta-narrative, thanks to the small uptick in exports. Never mind that total exports were about equal to their level in …
November 4, 2010
China
What do the 2010 Elections Mean for Asia?
Since the election, I have been fielding numerous emails and phone calls from Asian friends and reporters interested in whether the sweeping changes in the House of Representatives, governors’ mans…
