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The Clearing in the Woods: Is Spain’s Good News Too Good to be True?


Spaniards finally received some two pieces of good news in May. The first item is that the Spanish current account balance was positive in May for the first time in modern history. The second is that the unadjusted employment numbers for both April and May came back with slight gains; slight, but gains nonetheless[1]. This […]


Happy Days (Are Here Again?)


Anyone reading the headlines of a major world newspaper would think that the worst is over for the global economy. In Europe, the Greek haircut has been “successfully” carried out and bond prices have fallen from the red zone of the fourth quarter last year. The US economy keeps adding jobs while the housing market […]


Support for the Export-Import Bank


(Full Disclosure: this article was inspired by Gary Claude Hufbauer’s post in EconoMonitor on the same subject. You can find it at: http://www.economonitor.com/piie/2012/03/05/reauthorize-the-export-import-bank-part-ii/ ) Supporting Ex-Im There is a debate going on in Congress regarding the mandate of the US Export-Import Bank (“Ex-Im” from now on).  For those of you who are not familiar with Ex-Im, it […]


“Our obligations to our country never cease but with our lives.“

John Adams


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