The 2005 current account deficit: $805 billion. or 6.4% of US GDP That is a bit smaller than I expected.    The q3 deficit was revised down.  Reinsurance payments were higher than initially foreca…

That was yesterday’s headline.   Or, given the time differences, perhaps the headline from two days ago. Chinese second quarter growth picked up to 11% plus.  The only real surprise here was that the…

Garnham and Tett’s large article last week on the risks of the carry trade – or perhaps the absence of risk, as they hint the big carry traders are now insured v. a surge in yen/ dollar volatility (a…

Yesterday Mexico’s microfinance group Compartamos, backed by Accion International and the IFC, went public on the Mexico stock exchange. Where once only the largest companies and wealthiest elites …