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February 23, 2006

United States
Selling off pieces of yourself (or not)

The 2006 US current account deficit looks to be a bit under $1 trillion.  $1 trillion sounds big, but remember, the annualized fourth quarter current account deficit will almost certainly be close to…

March 25, 2009

Economic Crises
"This is unquestionably the worst global economic crisis since the 1930s"

So writes Martin Wolf. And despite some signs of hope this morning, he is certainly right. The IMF’s latest global forecast leaves no doubt on this point. The IMF should be commended for droppi…

"This is unquestionably the worst global economic crisis since the 1930s"

November 5, 2006

Monetary Policy
Stephen Jen - the anti-Roubini (and the anti-Setser)

The odds of a US recession: Nouriel Roubini: 90% Stephen Jen: 13%  I know my comparative advantage does not lie in gauging whether or not a sharp fall in residential investment will spill o…

February 28, 2008

Emerging Markets
$1 trillion, $100, $1.50

A lot of milestones have been passed in the last few days. Most aren’t positive for the United States. Nouriel Roubini is no longer the only economist putting the eventual toll of the financial crisi…

March 9, 2005

United States
Beware, should Norway ever diversify its petroleum fund: more than you want to know about the market for US debt

The fastest growing US export: Debt, without a doubt.Exports of long-term debt securities have grown from $404.5 billion in 2001 to $890 billion in 2004. That is an impressive 120% increase over fou…