Since 2003, the US dollar has fallen almost 50% against the Brazilian Real. What caused this to happen and what does it mean for the future of the dollar? […]

Federal Reserve flow of funds table F107 (Rest of the World) for Q2 2006 shows that the flow of US income from other countries increased by 202% compared to flows in the year 2001. The increase in inflows in the few years since 2001 amounted to US$331.6 billion. Does this mean that all is rosy […]

Consistent with a leveling of the rate of increase in the US trade deficit in 2006, the price of investment grade corporate bonds has been holding steady, as the graph indicates. Driven by a trade deficit that has been increasing since the early 1980s, the persistent flow of funds into the US bond market has caused […]