Is The American Dream Fading?

Below is the full hour-long "Investing in America" CNBC town hall meeting from this past Monday where President Obama took questions from concerned Americans on his plans for the economy. For those who don't want to…

More Protectionism Likely

I agree with Michael Pettis that removing Larry Summers from the White House should be construed as a sign that the Obama Administration is poised to take a more populist tone with China. In June I wrote (More on China, Trade and…

Summers is out

Via Bloomberg: White House officials expect Lawrence Summers to leave his job as the president’s National Economic Council director after November’s congressional elections, according to three people familiar with the matter. His…

Brazil Getting Serious about BRL

Brazilian officials are getting more serious about curbing the real's strength. First the central bank appears to have stepped up the amount of intervention and has been conducted two auctions a day to buy dollars since Sept 8. Local…

On recessions and recoveries

The main street reaction to the NBER's determination of a recovery starting in June 2009 has been – as expected – angry. Here are a few sample comments to my post on the recession's end: Obviously we need to redefine…

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