Tuesday, February 15, 2005

Sorry to say that I'm not going to be able today to post Part II of my comments on Brad Setser's and Nouriel Roubini's latest paper on financing the US current account deficit. I'll give you a little insight, however -- the political success of Wal-Mart tells an important part of the story.

I'm traveling to Bristol on Wednesday to give a talk, so I might not be blogging tomorrow -- we'll see. If not then, we'll get together Thursday.

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