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Archive for December, 2009
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Recession Slammed Domestic Migration
Earlier this year, I compared US migration with that in Canada – one healthy, the other not so much. As a sequel to the story, the Census released its figures for migration into 2009, and the pattern in the US has worsened (you can download the data here).
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Gravity will Drag the $U.S.
The US dollar ($US) is on a roller coaster. And since S&P downgraded Greece to BBB+, the dollar has been on the rise. One can attribute the recent shift in the $US to many things – improving US economic conditions, return to risk, or relative weakness in other G7 countries, whatever. But what is clear, is that the dollar’s gaining some strength, 4.7% since the beginning of December on a trade-weighted basis.
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The 2010 Census: Economic Impact Probably Overrated
This year the US government is hiring for its 2010 Census. According to its job website, 2010 Census Jobs, “Hundreds of thousands of census takers are needed nationwide to help locate households and conduct brief personal interviews with residents”. And in response, Rebecca Blank at the Department of Commerce (via the NY Times), expects the [...]
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U.S. FDI, Growth, and the Capital Stock Abroad
The precipitous drop in world trade is well documented (see one of my previous posts for a look at nose-diving exports in Asia); but the adverse effects on FDI is overlooked, in my view.
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India: FDI and Saving are Key….
India is in the headlines today. From Bloomberg: J. Kumar Infraprojects Ltd. plans to raise as much as 1.01 billion rupees selling 5.6 million shares to large investors, according to a share-sale document. From Bloomberg: GE Hitachi Nuclear Energy, which plans to build an atomic power plant in India, said as much as 70 percent [...]
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Too Efficient NOT to Consolidate
Here’s yet another historical record broken in 2009: “Only three insured institutions were chartered in the [third] quarter, the smallest quarterly total since World War II.” This fact is from the FDIC’s latest Quarterly Banking Profile. There are probably non-economic reasons for this, i.e., the application process to qualify as a new charter institution (see [...]
