…old savings. Dotcoms were spending down pension-plan money mediated through venture-capital firms, and they weren’t creating new profit through each employee hired. Corporate profits per payroll job in 1998 were…

…with flows … Of course, Tamny is not an economist and few of the NRO econopundits are. But there may be a consistent definition of savings coming from Lawrence Kudlow…

…the CA balance, or would other capital flows be enough to require only a small change in the CA balance? In an excellent post the other day Brad Setser argued…

…because these represent financial IOUs more than flows of goods. One could, however, argue that an investment-led boom such as we had in the late 1990’s was the driving force…

…rate system that is supporting the current pattern of international financial flows. The paper is rather pessimistic about the system’s sustainability (for good reason), and definitely worth a read. Kash…

…Treasury official now at the University of Oxford, a dearer yuan would have a more significant effect on capital flows. At the moment, foreign capital is finding its way into…

…say, “Am I getting a decent rate of return on my savings?” And that’s true right now. But if there’s any difference between the flows in and out, that’s the…

…to 2080) begin. When the SSTF bankruptcy crowd says there is some $10 trillion unfunded liability, what they mean is there is some estimate of expected future cash flows that…

…as imprecise. “Its hemorrhaging money” is his subtitle but chart 5 does not say there is a current deficit – it says there is a projected deficit. Bruce once emailed…

…of their own devising: “Hardworking Individuals and Married Couples.” I like to call these people HIMC’s for short (pronounced “HIM-SEEs”, which flows more smoothly off the toungue than trying to…