An alternative view on the dollar’s strength and trend over time.
Category Archives: deficits
Twin deficits redux
On the current account deficit, “We have met the enemy, and he is us”.
Current Account Release for 2006q2
According to the BEA current account release (discussed by Bloomberg here) for the second quarter, net asset-based income on a Balance of Payments basis has been negative for the past three quarters.
Measuring the U.S.-China trade balance
Some complications
The July 2006 Trade Release
How surprising?
Trade Deficit Watch: 2006q2
Stabilization in the non-oil trade balance arrives. What needs to happen for adjustment to continue without a recession?
Net interest and factor payments in 2006q2
The message from yesterday’s NIPA release.
Heckuva job on Fiscal Policy!
Or, why I have to explain to my Money and Banking students that discretionary counter-cyclical fiscal policy is “off the table”.
Opportunity cost illustrated
On a one year anniversary, a look back to (one of the reasons) why the National Guard’s post-Katrina rescue and recovery efforts were hampered.
Does Manufacturing Matter? An Update
Manufacturing employment is down. So is the manufacturing share of output. And so is the estimated tradable share of output. Consequently, as the Economist noted recently, adjustment to a smaller current account deficit might be difficult.