Econintersect Analysis Blog
Tag Archives: current account
Written by Steven Hansen A quick recap to the April 2012 trade data released today: Import growth has positive implications historically to the economy – and the seasonally adjusted imports were reported down slightly month-over-month. Econintersect analysis shows decline of … Continue reading
Written by Elliott Morss In working overseas and doing research on countries, I have always been struck by striking differences and what explains them. Here, I look at four countries: China, Greece, Japan, and the US. Why these countries? The … Continue reading
Why Greece, Ireland, Portugal and Spain Should Leave the Eurozone
by Elliott Morss
In my last article, I argued that Greece, Ireland, Portugal, and Spain should leave the Eurozone. Why? Because, at the € exchange rate they must accept as long as they are in it, their costs are too high. Their costs being too high means their unemployment rates will remain at unacceptable levels and their trade deficits will continue. This article takes the form of an open letter to the Presidents and Finance Ministers of these four countries. Continue reading
Why Greece, Ireland, Portugal and Spain Should Leave the Eurozone by Elliott Morss Introduction Monnet’s original conception for the European Common Market sounded sensible: as separate nations, we have little power, but together, we will be a significant global/political force. … Continue reading
Won’t reduced PBoC purchases be hugely disruptive to the US economy and to the US Treasury markets?
No, they won’t. There is so much nonsense still being said about this, even by economists who should know better Continue reading
Econintersect’s analysis of container traffic in June 2011 shows an outright contraction year-over-year in imports – which overshadows a modest 7.4% year-over-year growth in exports. Continue reading
When we tighten our belts, it means that we are trying to build up our savings. We do this by spending less. But spending drives our economy. Sales create jobs. So unless Obama has a secret plan to reverse three decades of current account deficits, the Government needs to loosen its belt when we tighten ours. If it doesn’t, then millions of us will lose our shirts. Continue reading
Container traffic through the Ports of Los Angeles and Long Beach is up 5% for imports and 5.4% for exports YoY in May 2011. This is approximately the average growth we have been seeing so far this year. Continue reading
Container traffic through the Ports of Los Angeles and Long Beach is up 7.2% for imports and 7.6% for exports YoY in April 2011. Economic health of a country can be tracked by following the transport of goods and materials. If the goods transport is rising, the economy is improving. Conversely when goods transport is falling, the economy is contracting.