savings

Michael Pettis argues that Reserve currency status is a global public good that comes with a cost, and people often forget that cost.

Bernanke’s QE2 program has hurt savers, done nothing for banks, and eviscerated middle class living standards.

By Claus Vistesen Events in Japan and Libya do not seem to have derailed the ongoing positive sentiment in the market. But they just might have alerted various Masters of the Universe that black holes (or was that swans?) are both…

I don't think people realize that the Chinese have just made a rather sizable shift in economic policy. The Chinese are moving on multiple fronts now toward a new economic paradigm that includes slower growth but more domestic consumption.…

Today's release on U.S. Personal Income and Outlays from January 2011 was a nice change of pace from the worries that food and commodity price inflation have caused over the past month. We saw personal income up an annualized $133 billion…

This is a wonkish post, but bear with me, because it's important. Randall Wray's last post sparked a thought regarding trade deficits and budget deficits which I wanted to run by you. Randy said: We see from the chart that the…

By Marshall Auerback Yesterday, Ed wrote a good piece on consumer spending and the return of the economy to the status quo ante. I think it's a little bit more malign than that. There has been a real positive change in the underpinnings…

I caught this video along with the Keynes video I just profiled. Look at this as a rebuttal to some of the themes Lord Skidelsky went through in that previous video. Lawrence White explains the genesis of the Austrian Theory of Boom and…

by Annaly Capital Management An interesting recent piece by Reuven Glick and Kevin J. Lansing of the San Francisco Fed looks to explain changes in the savings rate over time. On an aggregate level, the authors point out that the savings…

The BBC's economics editor Stephanie Flanders released this nice little 3-minute video which explains why the so-called currency wars are something you should care about. For me, it is quite significant that South Korea of all countries,…