106 Results for:

November 20, 2004

United States
Large Players in Large Markets

One of the world’s ironies is that even as John Snow putters on about how currency values should be set by market forces, the market -- or at least the private market -- is now playing a comparativel…

December 11, 2004

United States
The Global Test

My harping on the fact that US economic policy now has to pass a global test is not simply meant to score rhetorical points. I suspect that the same folks who financed the expansion of the US curren…

August 5, 2005

Capital Flows
China, the US and the geopolitics of oil

The CNOOC Unocal saga is over. But CNOOC's ambitions remain: Energy market experts now expect Cnooc, which is controlled by the Beijing government, to explore opportunities throughout the Asia-Pa…

October 26, 2005

United States
What to say when the markets are listening to Stephen Jen?

The Economist's Buttonwood struggles with something I have also struggled with:Stephen "Interest rate and growth differentials, not current account deficits" Jen has basically been right on the d…

August 16, 2005

Budget, Debt, and Deficits
Well, the 2005 fiscal deficit looks good …

I'll leave it to others (Brookings, Goldman, CBPP, DeLong with some help from Concord Coalition) to transform the CBO forecast into realistic projections.  Manipulating the CBO long-term budget f…

January 28, 2006

China
Another great irony of history: The Chinese Communist party is a very profitable real estate company

Max Sawicky noted that key source of recent job creation in the capitalist United States has been the US government, which itself is financed, in no small part by the People's Bank of China.  The…

December 5, 2006

Economics
Working to privatize Social Security = working against free trade … and a bit more on the politics of agricultural trade

Privatizing (or eliminating) social security and eliminating the United States remaining barriers to trade fit together well in theory.   Both consistent with a philosophy of reducing the government&…

September 12, 2006

United States
Not quite so bright after all … (The July trade data)

The trade deficit (ex-oil) was thought to be on a downward trajectory.     But after today’s data, that argument may need to be reconsidered. I have been a bit more cautious than most in pre…

October 9, 2006

United States
Stephen Jen, Eternal optimist

Apparently, the US fiscal deficit is set to disappear and the US current account deficit has peaked.  At least it has in Stephen Jen-land.  In his latest email Jen writes: “US’s corporate revenues ar…

February 28, 2007

China
Why is China’s government trying so hard to hold down China’s current living standard? And investing so much of China’s savings in depreciating assets?

Dr. DeLong is engaged is a rather spirited debate over at TPMCafe – one that mirrors the debate inside the Democratic party.  It is a debate over trade, but it also is a debate over US grand strategy…