A new book is out examining whether — and if so how — ongoing current account imbalances will be unwound.
Monthly Archives: August 2007
Interpreting fed funds futures
Despite what you may have read elsewhere, the probability of a fed funds rate cut has increased significantly over the last few weeks.
Revaluation and China’s Multilateral Trade Balance: First Estimates
Yin-Wong Cheung, Eiji Fujii and I have just completed a paper entitled China’s Current Account and Exchange Rate” for a conference on China’s Growing Role in World Trade. This paper follows up on some of the issues I laid out in these posts: [1], [2], [3], and [4].
Weak employment reports
Wall Street took this as a weak jobs report, and it may be worse than people think.
July auto sales
This is not just another bad sales month.