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June 10, 2007

United States
Last week’s data flow supported the US adjustment optimists … not the pessimists

The trade deficit fell back under $60b in April -- see Jeremy Peters' coverage in the New York Times.  The fall in the overal deficit stemming more from a fall in non-oil imports rather than from a r…

us_exports_q_v_q

July 29, 2007

Financial Markets
Is the dollar now a credit market play, not an equity play?

David Bloom (director of currency strategy at HSBC), paraphrased by Peter Garnham in Friday’s FT: “Today the euro represents growth and has become a big equity bet, while the dollar is firmly e…

September 3, 2007

United States
The post-industrial economy?

Buried in a column on iconoclastic  (and fashionista) tax policy expert Lee Shephard is this little gem:"“The whole Midwest was engaged in metal-bashing of some sort back then[when she was growing up…

October 1, 2007

Financial Markets
My recap of the past week

Oil stayed high -- but not high enough to worry Peter Fritsch and Kelly Evans of the Wall Street Journal.The dollar fell against the euro and loonie -- but probably not by enough for the dollar to di…

January 20, 2008

United States
The United States, on sale

The front page of the Sunday New York Times had a long article by Peter S. Goodman and Louise Story. But Maureen Dowd is a better barometer of the cultural zeitgeist that news page: today’s column …