Is trade deficit stabilization at hand?
by: Menzie Chinn
Senate finds the facts about Big Oil
The
Senate Committee on Energy and Natural Resources grilled oil company executives yesterday about their role in recent oil price increases. For some reason I did not find any coverage in the mainstream media of this very interesting exchange between the senators and oil tycoon Jed Clampett.
Gasoline prices down
Gas prices have dropped a lot, and further declines are in sight. What’s that mean for fuel demand and the overall economy?
Latest employment statistics: the clear thing is that it’s not at all clear
Last week’s GDP statistics and this week’s productivity data gave us something to cheer about. Friday’s employment figures do not.
Autos continue to tank
The worst October for U.S. auto sales in the last 13 years, it was.
How anomalous is U.S. current account behavior?
Is there statistical evidence for the “global savings glut”?
by Guest Blogger: Menzie Chinn
Oil company profits
Why aren’t the big oil companies reinvesting their huge profits?
New GDP data and recession probabilities
The Bureau of Economic Analysis yesterday released its advance estimates for the third quarter, reporting real GDP grew at an annual rate of 3.8%.
Proposition 80
Here’s some background on the problems in the California electricity market over the last 10 years and why I believe that Californians should vote no on Proposition 80.
China GDP Statistics
More and more people are concluding that those unbelievable China GDP statistics are, well, unbelievable.