Insights on how global current account imbalances might be resolved
More political pandering
Those whose political philosophy is to try to opt for the lesser of two evils may have a hard time choosing their dog in the fight between Senate Democrats and Republicans over gasoline taxes.
New Research on the Sources of Current Account Deficits
Some excerpts from a recent conference on Current Account Sustainability in Major Advanced Economies
Strong first-quarter GDP growth
The expected strong 2006:Q1 GDP growth included encouraging numbers for investment and exports, and warranted a slight drop in the recession probability index.
President Bush and gasoline prices
Unlike some other pundits, I see a number of good ideas in the President’s new proposals and actions announced on Tuesday.
Contango, speculation, and the price of oil
Lynne Kiesling (Knowledge Problem),
John Whitehead
(Environmental Economics) ,
Stephen Ayer
(Disinterested Party), and whoever that is blogging over at Oil Wars were among those commenting on this article ($$ required) at the Wall Street Journal.
The Debate over the Impact of the Budget Deficit on the Current Account Deficit
What does the empirical literature say?
Who’s afraid of $3 gasoline?
Does the expected strong 2006:Q1 GDP report mean that the economy will shrug off the recent resurgence of gas prices?
Is the Renminbi (Rmb) undervalued in price terms? Does it matter if it is?
With the visit of President Hu to the United States, Chinese currency misalignment is at the top of the agenda. What is “misalignment”?
Oil goes higher and higher
The NYMEX May 2006 crude futures contract closed today above $71.