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January 8, 2020

Election 2020
The President's Inbox: The Killing of Qasem Soleimani

Each week between now and the Iowa caucuses, I’m talking with experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are part …

Debris burns outside Baghdad International Airport where a U.S. drone strike killed Iranian commander Qasem Soleimani and seven others on January 3. Iraqi Security Media Cell via Reuters

November 12, 2019

Election 2020
The President's Inbox: Should the United States Maintain Maximum Pressure on Iran?

Each week between now and the Iowa caucuses, I’m talking with two experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are p…

A line of Iranian flags wave in a square in Tehran.

October 25, 2005

United States
The Joint Economic Committee

Last Thursday, I had the opportunity to testify before the Joint Economic Committee on the US current account deficit, as part of the panel that followed Dr. Bernanke's testimony. I strongly suspe…

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan’s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question o…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

May 12, 2017

Trade
U.S. Trade Deficit Stable in Q1

The U.S. trade deficit did not change much in the first quarter. The real (price adjusted) goods deficit that is. Oil prices were a bit higher in q1 than q4 (they are now back below their q4 levels, …

U.S. Trade Deficit Stable in Q1