Is to keep Iran out of the World Cup (see Monday's Wall Street Journal).    That is serious?Moscow's boycott of the Los Angeles Olympics had such a profound impact on US policy ... How about a seriou…

I understand the reasoning behind the standard argument that big storms have less impact on an economy - particularly a large and diverse economy - than one would expect looking at the scale of the d…

Some days are marked by a surplus of good material.   The TIC data.  The second quarter current account data.  DeLong's magnus opus on what the great and good talked about on the margins of Jackson h…

This Financial Times articles by Andrew Balls and Richard McGregor is worth reading.  It makes two key points:1. China did not give the US any hints what it plans to do next with its currency next.  …