Altogether, the circumstances seem to be as dangerous and intractable as any I can remember, and I can remember quite a lot. What really concerns me is that there seems to be so little willingness o…

David Wessel writes in today's Wall Street Journal: "Germany, alas, is showing few signs of a Japanese style rebound.  It is, essentially, relying on lower wages to make exports more competitive beca…

I don’t think that Nouriel Roubini and I ever argued Bretton Woods 2 – an international monetary system based on central bank financing of the US deficit -- would absolutely collapse by the end of 20…

It is hard to believe that only three week have passed since the US government effectively took over the Agencies. Friday’s Wall Street Journal provided something of a post-mortem. And it sure se…

Paul Krugman’s essay in tomorrow’s New York Times Magazine is generating a lot of buzz. I like it more than most of what’s written on climate and economics these days, but I’ve still got a few rese…