145 Results for:

November 30, 2004

United States
Their savings, our problem?

It seems like American households are now saving about a penny of every dollar they earn, and recently even less. Foreigners exporting to the US, in contrast, save roughly 35 cents of every dollar …

January 6, 2006

United States
The USA, China and Saudi Arabia - the big three of global adjustment?

The standard discussion of the unbalanced world divies the world up into three: the US, Europe and Japan/ Asia.   And the standard discussion of global imbalances says all three need to do their part…

June 14, 2006

Financial Markets
The shifting balance of oil power

The Wall Street Journal has noticed that the state is no longer in retreat from the commanding heights of the global economy.  The basic pattern of capital flows is now set by central banks, not priv…

June 11, 2007

Monetary Policy
“Asia’s importance in the bond market cannot be overstated”

That quote doesn't come from me -- but from someone with a bit more authority: Jim Caron, co-head of global interest rate strategy at Morgan Stanley (quoted by Michael MacKenzie in Monday's Financial…

central_bank_demand_quarters

June 6, 2008

$140 oil

Call me surprised. If you had asked me two years ago if oil could come close to $140 amid a US slowdown in the absence of a major interruption in supply, I would have hedged a bit, but ultimately sa…