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December 10, 2004

United States
Dow Jones: Central banks do not seem to be dumping dollars

That’s the tag on p. C4 of the Wall Street Journal.The smart money -- and regular readers of this blog -- know that this is real question is not whether central banks are, in aggregate, dumping dolla…

April 30, 2014

United States
“Still Ours to Lead:” Bruce Jones Explains Why the World Still Looks to the United States

Manifestoes about U.S. “decline,” have become a publishing juggernaut. But this literature is demolished in a beautifully written, persuasive new book from Bruce Jones, the Brookings Institution seni…

December 6, 2005

United States
Alan Greenspan, financial globalization, home bias and central bank reserves

The very last paragraph of Alan Greenspan's last speech on global imbalances seems to have generated the majority of the press that came out of his London speech on global imbalances.   I kind of lik…

home bias and central banks

August 24, 2005

Financial Markets
Is Alan Greenspan encouraging moral hazard in … China?

Listen to one Chinese fund manager in this morning's Wall Street Journal:  "Mr. Zhu (who helps manage US dollar investments for the Bank of China) expresses confidence in the US dollar and the health…

March 8, 2024

United States
Election 2024: Joe Biden Makes the Case for Ukraine Aid

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: President Joe Biden used his State of the Union Address to urge Congress to provide military aid to…

Biden SOTU

March 22, 2024

United States
Election 2024: Are Americans Turning Isolationist?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Much like talk of Mark Twain’s death, claims that Americans are turning their back on the world are…

The sun as viewed disappearing beneath the horizon.