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The US March trade data …
blogs.cfr.org - 5/13/2009
The US March trade data …
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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 in March 2008 — which improves [...]
Russia’s waning appetite for dollars
blogs.cfr.org - 5/19/2009
Russia’s waning appetite for dollars
— blogs.cfr.org — If Russia were China — or if Russia’s reserves were growing at the same pace as in... late 2007 or early 2008 – today’s revelation that Russia cut the dollar share of its reserves over the course of 2008 would be big news. The dollar share of ... (more) Russia’s waning appetite for dollars
Comments vote down EconomPic found this 5/19/2009found this
Not putting your money where your mouth is
blogs.cfr.org - 5/14/2009
Not putting your money where your mouth is
— blogs.cfr.org — In March, China’s premier expressed concern about the safety of China’s (large) investment in the US, including... China’s investment in Treasuries. China’s citizens have realized — rather belatedly — the risks ... (more) Not putting your money where your mouth is
Comments vote down naked capitalism found this 5/14/2009found this
US Foreign Trade: The Sharp Decline Is Over
dailymarkets.com - 5/14/2009
US Foreign Trade: The Sharp Decline Is Over
— dailymarkets.com — Foreign trade, both imports and exports, fell sharply in the second half of last year, but the... numbers are starting to level out. We see this pattern in many, many indicators: retail sales, car sales, consumer confidence, existing home sales, ... (more) US Foreign Trade: The Sharp Decline Is Over

Comments vote down Econbrowser found this 5/14/2009found this

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Economist's View:  links for 2009-05-13

Econbrowser:  Additional Reflections on the March Trade Release

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links for 2009-05-13
Economist's View — ... Obama's International and Other Tax Proposals - ataxingmatter Searching for $90 Billion to Expand Health Care - NYT Tax Increases Could Kill the Recovery - Feldstein - WSJ Top 10 reasons to test “War, Guns, and Votes” for data mining - Easterly Nicholas Stern's new climate crusade - FP Passport Is the Housing Bust Over? - Michael Shenk - FRB Cleveland The US March trade data … - Brad Setser ...

Additional Reflections on the March Trade Release
Econbrowser — ... NBER, and author's calculations. Note that imports seem to be recovering. But it's important to look closely at the vertical axis; month-on-month annualized growth rate is minus 10.9%, and the year-on-year growth rate is minus 24.8%. Goods exports month-on-month annualized growth rates have dropped back into negative territory -- at minus 22.3%. But even the year-on-year rate is -15.4%. So here, I'm in agreement with Brad Setser's observations [1], [2] -- trade has collapsed and there's little evidence that there's an incipient recovery. ...

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