Typically, people think of the euro as the most likely competitor to the dollar. And maybe it is in the long run (see these posts [1], [2], and this paper). But in the short term, maybe it’s the British pound.
June auto sales
Not a good month for the domestic automakers.
What is an Econbrowser?
I asked TouchGraph Google Browser, and here’s what it thinks.
The yield curve dis-inverts, sort of
Long term yields have jumped up, as Jim noted. The spread between the 10 year and 3 month interest rate has moved positive.
A new U.S. refinery inches a little closer
Some good news on the latest court challenge to the effort by Arizona Clean Fuels to build a new refinery in southwestern Arizona.
CDOs: what’s the big deal?
Here are my two cents on concerns about possible systemic financial problems.
The 2006 Net International Investment Position
The BEA released the end-2006 net international investment position (NIIP) today.
Housing’s struggle continues
As expected, those very robust new home sales numbers initially reported for April turned out to be too good to be true.
Inflation: Local or Global?
What does the empirical literature say about the sources of inflation movements in an era of globalization?