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January 19, 2005

I guess I am a secret Austrian too

And I thought I was just a former Treasury staff economist with an unhealthy obsession with how the US is funding its enormous trade and current account deficits, and more willingness than most to sp…

October 21, 2005

United States
Current account deficits do matter

At least according to Tim Geithner, President of the Federal Reserve Bank of New York:It matters because of the size of the U.S. imbalance. Our current account deficit is now running at a rate of abo…

January 3, 2006

United States
Tyler Cowen take note - dollar pessimism may no longer be fully “priced” in

Tyler Cowen has argued that big shocks come when markets are surprised, and, right now, no one would be surprised by a dollar decline.  People like me (and others with a wee bit higher profile) have …

March 22, 2006

United States
Not priced in

David Bassanese recently wrote in the Australian Financial review: "Provided inflation remains benign, the goods news is that the US economy does not appear to be facing many downside risks, and its …

September 7, 2006

China
Tyler Cowen apparently did not read my China testimony! The RMB’s value does influence trade flows

The New York Times’ conservative columnists certainly know how to get my blood boiling.  David Brooks, among other things, apparently thinks the key to a hedge fund salary is good people skills – not…