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November 21, 2003

United Kingdom
Hoge: Bush’s Image and Message Likely Enhanced by Trip to Britain

Warren Hoge, the chief London correspondent for The New York Times, says that as a result of his trip to Britain, President Bush “has certainly improved his image” overseas. What remains t…

June 23, 2005

United States
How does the Fed imagine the US current account deficit will adjust?

Greenspan does not think a revaluation of the RMB would have a major impact on the US trade balance.The Fed does not think that reducing the fiscal deficit would generate a major reduction in the cur…

July 18, 2005

China
If your reserves are growing by $300 billion a year

China indicated its reserves have increased to $711 billion at the end of June -- up $101 billion from the end of December 2004. Actually, they are up more than that. China transferred $15 billion …

July 28, 2005

United States
Savings is still something other countries do

Which is good, because it looks like the US will need more of the world's savings to finance a pick up in investment.  The US housing market.  Still strong.  Record sales of new homes in June.  …

August 12, 2005

United States
The June trade data. Changes in relative prices do matter

The June trade deficit -- $58.8 billion -- was a bit bigger than the market expected, and quite a bit bigger than the May deficit ($55.4 b).   Annualized, it works out to a $706 billion trade deficit…

September 27, 2005

United States
Savings gluts, investment droughts and the current global economy

Low yields in advanced economies lead capital (private capital that is) to head to emerging markets looking for yield.    Emerging markets - whether scared by the crisis that followed the sudden with…

September 29, 2005

United States
Budget and Current Account Deficits Jeopardize U.S. Influence, Warns Council Special Report

Hurricane Costs Exacerbate Problem and Underscore Need to Curtail Government Spending and Raise Tax RevenuesSeptember 29, 2005—The United States must confront the alarmingly high federal budget and c…

September 30, 2005

Budget, Debt, and Deficits
Getting Serious About the Twin Deficits

Overview Twenty years ago, the United States was the world’s largest creditor nation, unsurpassed in its ownership of assets outside of its borders, even after deducting what foreigners owned insi…

November 21, 2005

China
Keith Bradsher demolishes the myth that China is a great market for American goods

The money quote in Bradsher's article in last Friday's New York Times comes from Matthew Crabbe: "The only US-produced items that I can think exist in large quantities in China are dollars bi…

December 7, 2005

Economics
Gone (ice) fishing …

I will be away from my desk for the next week or so on a business trip.  I'll probably post a bit, modern communications and all.  But I doubt I'll post every day.    I suspect that a couple …