blogs.cfr.org - 6/30/2009
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Few topics are quite as polarizing as the “savings glut.” The very term is often considered an attempt to shift responsibility for the current crisis away from the United States.
That is unfortunate. It is quite possible to believe that the buildup of vulnerabilities that led to [...]
online.wsj.com - 7/4/2009
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online.wsj.com —
BEIJING Asian officials and scholars are pushing back
against the notion that their countries' high savings helped
cause the financial crisis by flooding the world with money, arguing that lax U.S. financial regulation bears the brunt of the blame. ...
(more)
Asian Officials Push Back Against Savings Glut Theory
Comments
Blog Reactions
Global Savings Glut
winterspeak.com —
Brad Setser has a good point on the Global Savings Glut controversy. How anyone can still give any credence to this notion is beyond me. How on earth can "excess savings" trigger massive de-leveraging? ...
Tuesday links: a lack of true diversity
Abnormal Returns —
... Emerging market savers financed a spending boom by US households. (Brad Setser) ...
links for 2009-07-02
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Paul Krugman: Carbon tariffs — the legal aspects
Brad Setser: he savings glut. Controversy guaranteed.
Harold Meyerson - ...
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The global savings glut and the current crisis
blogs.cfr.org 1/9/2009 — I have always believed that the debtor and the creditor tend to share responsibility for most financial crises. One borrows too much, the other lends too much. Wynne Godley (ideologically, no Hank Paulson), Dimitry Papadimitrriou and Genaaro Zezza ...
The US March trade data …
blogs.cfr.org 5/13/2009 — The March US trade data can be spun many ways. Imports and exports continue to be down substantially relative to last year. The smaller y/y decline in March than in February is a function of the fact that both imports and exports were unusually weak ...
All great things have to end
blogs.cfr.org 8/4/2009 — This will be my last blog post, at least for the foreseeable future.
I have accepted a new job, one that will require a certain level of discretion. I am excited by its challenges: ‘Balanced and sustainable” growth is something that I believe in. ...
SAFE, state capitalist?
blogs.cfr.org 7/22/2009 — One of the questions raised by the expansion of sovereign wealth funds – back when sovereign funds were growing rapidly on the back of high oil prices and Asian countries’ increased willingness to take risks with the reserves – was whether sovereign ...
The (almost) $2.5 trillionaire …
blogs.cfr.org 5/25/2009 — The world’s sovereign wealth funds almost certainly have less money than is commonly thought. And China almost certainly has even more money than is commonly thought — or at least more money than is commonly reported.
That is the ...
The NPC meets, and Krugman refers to the savings glut
mpettis.com 3/4/2009 — With the tense start of China’s parliamentary season this afternoon – and with the National People’s Congress meeting Thursday – there isn’t much incentive to try to figure anything new out in China since we are likely to be given a lot more ...
So Long, and Thanks For All the Savings
paul.kedrosky.com 10/1/2009 — So much for that brief U.S. dalliance with a higher savings rate. The latest BEA data shows that August personal savings rate in the U.S. fell to 3.0%. Here is a Bloomberg chart putting it all in context. To be somewhat more serious, and as the ...
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