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October 11, 2006

Financial Markets
The FX market doesn’t think the US should adjust … at least not right now.

The dollar has been rather strong relative to the yen for some time now.  And it is currently getting even stronger.  The dollar was weak against the euro at 1.28 – and at say 1.25, it is still prett…

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November 1, 2006

Financial Markets
The club of puzzled dollar bears grows bigger

I am – and probably always will be – a big Robert Rubin fan.  In my view, 100 bills with Rubin's signature should trade at a premium, not a discount.But Rubin doens seem to be as good a currency trad…

December 23, 2007

Capital Flows
A Saudi investment authority?

The FT broke a major story -- at least in my world -- late on Friday. The Saudis are about to set up a sovereign wealth fund: Saudi Arabia plans to establish a sovereign wealth fund that is expecte…

February 21, 2008

Politics and Government
What do the US, Saudi Arabia and China have in common?

What does the US have in common with two of its most important creditors? One answer: all have a significant population worried about how to make ends meet right now. China exports a ton of g…

February 26, 2008

Capital Flows
Regulating sovereign wealth funds: does the US have any leverage?

Bob Davis’ Wall Street Journal article - which reports that the US Treasury is pushing Singapore and Abu Dhabi to increase their transparency and to signal that their funds will be managed commercial…

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