864 Results for:

January 11, 2005

Middle East and North Africa
The January 9 Elections and Beyond: The Road Ahead for Israelis, Palestinians, and the U.S. in 2005

Council on Foreign RelationsNew York, N.Y. STEVEN COOK: I'd like to welcome you all here this evening to the Council on Foreign Relations for a meeting with a good friend and colleague, David Mak…

January 28, 2005

Global
Transition 2005: World Economic Update Special Edition - The Administration’s Economic In-Box

Speaker: Alan S. Blinder, G. S. Rentschler memorial professor of economics, Princeton University Speaker: R. Glenn Hubbard, dean and Russell L. Carson professor of economics and finance, Columbia B…

September 23, 2004

United States
The currency strategist at Morgan Stanley might want to talk to the chief economist at Morgan Stanley

Steve Johnson’s market insight column in Thursday’s Financial Times keys off Morgan Stanley’s currency strategist Stephen Jen’s argument that "As long as Asia insists on staying inside this dollar ar…

January 8, 2005

Has the broad dollar fallen enough

A standard rule of thumb, mentioned by Paul Blustein in his excellent look at the impact of a falling dollar on US trade last week, is that a 10% fall in the broad dollar leads to a $100 billion fall…

October 14, 2004

United States
Another month, another bad trade number

The latest monthly trade data came out today, and was worse than expected -- though in my view that indicates expectations have yet to catch up with reality. Exports have been stuck in the $95-96 bi…

December 19, 2004

Plaza, or Louvre?

The 1985 Plaza accord sought to drive the dollar down; the 1987 Louvre sought to keep the dollar from falling further. There is growing talk of a new Plaza in the US -- though not in the circles tha…

November 19, 2004

Greenspan, part II

Federal Reserve Board Chairman Alan Greenspan was careful to frame the risk created by rising US external debt for foreigners investing in the US (and in the process financing the US current account …

February 14, 2005

United States
How long will the world keep on financing the US: my new paper with Nouriel Roubini

Nouriel and I went out on a bit of a limb in this paper. Since the beginning of the year, the dollar has rallied and yields on the ten-year and thirty year treasury bond have fallen: both market mov…

November 30, 2004

United States
Their savings, our problem?

It seems like American households are now saving about a penny of every dollar they earn, and recently even less. Foreigners exporting to the US, in contrast, save roughly 35 cents of every dollar …