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Turning German (or trying to)
Charts, charts, charts, from Credit Suisse at the end of last week. Continue reading: Turning German (or trying to)
View ArticleJapanese exports not hurt so much by islands dispute as general global malaise
So far, the dispute with China over the Senkaku/Diaoyu islands doesn’t seem to have hurt Japan’s exports to China as much as the headlines might suggest. True, as Dow Jones points out, exports to China...
View ArticleThe US bright spot
It seems odd — and it may well be short-lived — but the US is beginning to shape up as a rare bright spot in the world economy.* Or indeed almost the only bright spot in the world’s economy, except for...
View ArticleJapan trade figures, perhaps not so bad
The weaker yen hasn’t done much for Japan’s exports so far, with preliminary data out today showing another record in Japan’s trade deficit. Exports were 6.4 per cent higher, year-on-year, in January...
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Why China’s June trade data are almost unremittingly bad
The short answer: the June trade numbers missed expectations by a long way, and the details did nothing to provide reassurance. Here’s a long-ish term view, courtesy of SocGen: Coming so soon before...
View ArticleYes, trade with poor countries has cost US jobs
Polled in March 2012, top academic economists overwhelmingly agreed that “freer trade improves productive efficiency and offers consumers better choices, and in the long run these gains are much larger...
View ArticleMore on the US-China bilateral trade balance
As a brief follow-up to yesterday’s post on the impact of US trade with China on US employment and incomes, we thought it would be useful to visualize a few interesting facts about the evolution of the...
View ArticleWhat are Chinese capital controls really? – Part 1
To understand what happened in China this week we think the best financial analogy for China’s management of its economy and its external capital account is this: think of it as a giant money market...
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Dirt, rocks, and sunshine: the story of Australia’s external balance
Australia has handled the commodity bust surprisingly well — so far, anyway. We’ve already looked at how a strong job market and a housing boom have helped offset some of the pain from cuts in mining...
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Digging into Canada’s trade balance
We recently had a chance to chat with a senior Canadian economic policymaker. Among other topics — he estimated fiscal stimulus would boost growth by around half a percentage point in 2016 and by a...
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