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?
Following yields up and down
Another energy bill
If it’s summer, it must be time for another energy bill, for which the Senate seems to have followed the strategy of Captain Renault to round up the usual suspects.
One nice thing when Congress keeps coming up with the same old ideas is that it allows us pundits to save energy by recycling our old comments on CAFE standards, ethanol mandates, and anti-gouging legislation.
Econoblog on interest rates
I was pleased to participate in the latest
Wall Street Journal Econoblog
with Mark Zandi, Chief Economist and co-founder of Moody’s Economy.com. Here’s a brief preview of what you can
find over at the WSJ.
Thinking about import prices, the dollar, and inflation
Some delayed reflections on the May import/export price release, and how to interpret the data in light of the empirics of exchange rate pass through.
Slipping a little
I wouldn’t read too much into the new starts, permits, and sentiment data, but I don’t take them as very encouraging.