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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…

Interview by Bernard Gwertzman and Warren Hoge

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…

Blog Post by Brad W. Setser Follow the Money

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 …

Blog Post by Brad W. Setser Follow the Money

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.  US r…

Blog Post by Brad W. Setser Follow the Money

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…

Blog Post by Brad W. Setser Follow the Money