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Imbalances recurringIMBALANCES in global trade and capital flows seemed to play a key role in generating the financial and economic crisis that the world has faced over the past few years. This has led to considerable handwringing over what should be done about those imbalanced, but such fretting is frequently softe... |
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Americans and their taxesEARLIER this week, CBO head Doug Elmendorf made a statement that got everyone in the blogosphere nodding along:The country faces a fundamental disconnect between the services the people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenue... |
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Back to growthTHE big economic news today is that the euro zone managed economic expansion in the third quarter, but barely. The Economist notes:It is not quite the recovery that was hoped for. Figures released on Friday November 13th showed that the euro-area economy crawled out of recession in the three mont... |
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Hungry, hungry HummersSPEAKING of America's oil problem, here's a look at one reason the country is so petrol-hungry:New car fleet fuel economy, weight and engine power have changed drastically since 1980. These changes represent both movements along and shifts in the "fuel economy/weight/engine power production ... |
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How's that rebalancing coming?WITH American recovery comes renewed growth in the trade deficit:You can see in the chart above that America's trade balance collapsed, along with world trade generally and oil prices, through January of this year, at which point a slow recovery began. Since February, the monthly trade gap has gr... |
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Green cities, a clarificationI RECENTLY commented on a new Brookings' analysis of the likely cost of a climate bill across metropolitan areas. As part of that post, I noted:The tricky part about that dynamic is this: the cleanest metropolitan areas in the country also tend to be those that already have high housing demand an... |
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