That, of course, that is not what the Bureau of Economic Analysis reported today. Rather, the BEA reported that at the end of 2004, the net external debt of the US (with FDI at market value) was onl…

Michael Mandel thinks I am making a big mistake, albeit a very, very common one - worrying about rising US external debt rather than celebrating rising US household wealth. Brad is making the very…

At least that is what "John Rutledge, a former economic adviser to President Bush" thinks.  To maintain its competitive advantage, Chinese companies must acquire technology that will make the country…

is hard, but James McGregor gave it a go in the Sunday Washington Post: It is difficult to overstate the transformation that has swept China in the past 15 years. To frame it in terms of comparable h…