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March 4, 2005

Emerging Markets
A few lessons for Mary Anastasia O Grady

I do not expect to consistently agree with the oped page of the Wall Street Journal. But I do not think it is too much to ask that the columnists on oped page of the Journal try to square their argu…

November 1, 2004

United States
Richard Cooper on the current account deficit

Richard Cooper has an oped in today’s FT (avaible here, subscription needed) arguing that the US current account deficit is "not only sustainable, it is perfectly logical". Cooper argues that a $500 …

September 11, 2009

United States
Unemployment

In a typical post-war recession, recovery would be well under way after twenty-one months. This time around, all that has emerged is limited optimism over ‘green shoots.’ Although conditions in fin…

2009.9.4.Unemployment

September 14, 2004

Economics
Welcome to My Blog…

Welcome. I am Nouriel’s co-conspirator on several of his recent articles, and I’ll be adding my voice to this site as well.Obviously, Nouriel and I do not disagree on much. But we do have different…

August 7, 2006

United States
Oil, foreign flight, consumer burnout

Those with doubts about the sustainability of the current US expansion (the doom and gloom caucus according to some) have long argued that there were two different scenarios that might give rise to a…