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August 4, 2006

China
Stephen Jen is right

That is not something I say all the time. I suspect I am among Stephen Jen's prototypes for what he calls structural dollar bear.    And Stephen " “current account deficits inside the dollar zone…

April 11, 2012

Defense and Security
TWE Remembers: Secretary of State Dean Acheson

Many secretaries of state have written memoirs. George Shultz penned Turmoil and Triumph: My Years as Secretary of State. James Baker wrote The Politics of Diplomacy: Revolution, War and Peace, 1989–…

lindsay acheson 2012 04-10

March 27, 2024

Grand Strategy
The President’s Inbox Recap: The Case for U.S. Retrenchment Overseas

Proponents of retrenchment want the United States to do less overseas.

Nine boats with alternating flags of the United States and South Korea as viewed lined up in a row.

October 9, 2006

United States
Stephen Jen, Eternal optimist

Apparently, the US fiscal deficit is set to disappear and the US current account deficit has peaked.  At least it has in Stephen Jen-land.  In his latest email Jen writes: “US’s corporate revenues ar…

January 29, 2009

Monetary Policy
Read Dean, Areddy and Ng on the management of China’s reserves during the crisis

Dean, Areddy and Ng key their story off Wen’s criticism of US economic management. But it is really much more about the political fallout inside China from China’s losses on investments that they c…

May 3, 2006

Financial Markets
Stephen Jen knows currencies, not communiqués

Stephen – the dollar will go down, but “ the US will not adopt a weak dollar policy … and the sky will not fall on the dollar” – Jen has gotten the course of a the dollar/ euro roughly right for the …