451 Results for:

September 12, 2005

United States
Katrina and the current account deficit

At least a half percent off US GDP growth for the remainder of this year (Goldman says more), $150 billion in new federal spending (much of that in fiscal 2006), higher gasoline prices now and next y…

September 10, 2005

Conflict Prevention
In the Wake of War

This Council-sponsored, independent Task Force points out that nation-building is not just a humanitarian concern, but a critical national security priority that should be on par with war-fighting an…

August 1, 2005

China
Can China add close to $300 b to its reserves a year and have no impact on the bond market?

Rarely do I disagree with the premise of an article more than with the Mark Whitehouse  Friday C1  Wall Street Journal article "China's Move Makes No Waves in Bond Market." Premise.  China moved…

May 23, 2005

China
Five myths (or half truths) about China and the renminbi

China’s exchange rate peg has attracted a lot of attention recently, in the market, among the public and in the press. (also here, here and many other places)Alas, too much of the commentary seems t…

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…

October 16, 2005

China
Is Tim Adams a closet Democrat? And some other musings on Snow’s trip to China

Clearly not, given his role in the Bush/ Cheney 2004 campaign. But he also seems to think China should develop a social insurance system to help spur domestic consumption.   Read Friday's Wall St…

June 19, 2005

China
Two articles on China. One good. One not so good.

Reuters has done a nice wrap up of what we know -- and more importantly what we don’t know -- about how China manages its reserves. They correctly note that the TIC data misses so much that it, alon…

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…

September 15, 2005

Monetary Policy
Is Asia still accumulating reserves in financial self defense?

I think it is fair to say that I profoundly disagree with this week's Economics Focus column in the Economist, and therefore, I suspect, with the underlying Genbert, McCauley, Park and Persaud pa…