134 Results for:

September 27, 2005

United States
Savings gluts, investment droughts and the current global economy

Low yields in advanced economies lead capital (private capital that is) to head to emerging markets looking for yield.    Emerging markets - whether scared by the crisis that followed the sudden with…

June 23, 2005

United States
How does the Fed imagine the US current account deficit will adjust?

Greenspan does not think a revaluation of the RMB would have a major impact on the US trade balance.The Fed does not think that reducing the fiscal deficit would generate a major reduction in the cur…

April 5, 2006

Monetary Policy
Where to invest 4.2 trillion? The latest IMF data on the currency composition of the world’s reserves

Via Menzie Chinn of Econbrowser comes word that the IMF has released its latest data on global reserves.   For reserve data and capital flows data geeks, this is big news.  I have been trying to use …

December 21, 2005

Monetary Policy
Just what are the world’s central banks doing with their (growing) reserves

The IMF just released new quarterly data on global reserve accumulation (Hat tip, Menzie Chinn).   Just don't look to it to find out if the world's central banks are adding to their dollar or euro re…

June 21, 2006

United States
So, is Michael Mandel right? Did intangible income (dark matter) ride to the rescue in the first quarter, offsetting rising US debt?

As Michael Mandel has noted, the US income balance improved in the first quarter – contrary to the expectations of “pessimists” like me.  I would say “realists” – rising debt usually implies rising i…

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