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September 26, 2006

United States
The deterioration in the US income balance has just begun ….

Mark Whitehouse highlighted the deterioration in the US income balance in yesterday’s Wall Street Journal.   The US paid more in interest and dividends on its external borrowing (and foreign equity i…

us_income_balance

December 20, 2012

United States
Middle East Matters’ Ten Most Significant Developments of 2012

Here it is: the second annual Middle East Matters year-end roundup listing the ten most significant Middle East developments of 2012. Since this blog focuses on the interplay between U.S. policy and …

A protester covers his face as he stands in front of tear gas during clashes with riot police along a road that leads to the U.S. embassy, near Tahrir Square in Cairo on September 15, 2012 (Dalsh/Courtesy Reuters).

December 30, 2005

Economics
Things I got wrong in 2005

Alas, this list is rather long.   There is a reason why Mike Dooley ended the first segment of our Econoblog debate by noting that he had been right (and I and other worry warts had been wrong) for 2…

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…

July 24, 2008

Financial Markets
Too big to fail? Or too large to save? Thinking about the US one year into the subprime crisis

Emerging market financial crises in the 1990s followed a fairly consistent pattern. The country lost access to external financing. The sector of the economy that had a large need for financing – fi…