Both the Chinese trade surplus with the United States and the amassed foreign reserves result from the savings decisions of Chinese consumers.
Shadow Government Statistics- I would subscribe to them if they had a section on the Turkish budget figures:)
Tim Duy asks what the threshold is for more Fed action.
David Beckworth wonders about the current stance of monetary policy and what the Fed can do now.
I couldn't see rsp ccg zz yldrm there, but still quite useful.
A business dynamics explanation on why US firms are hoarding cash.
In case you want to lose more sleep waiting for the stress tests.
I was thinking about the impossible trinity myself for Monday's Hurriyet column (obviously in the context for Turkey), but Greg Mankiw has beat me to it. When am I going to learn not the leave that to the last minute, by the way... I can still go for it, or I can do the World Bank poverty paper I have been delaying for a long time..
According to Rajan, it is inequality caused by skill-bases technological change that fueled the crisis.
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