February 15, 2018United States
It looks like a combination of tax cuts and spending increases will raise the U.S. fiscal deficit by about 2 percentage points of GDP (that’s the number Krugman used; Goldman’s US economics team puts…
February 12, 2018China
China's balance of payments data doesn't show any material increase in the pace of offshore lending.
February 9, 2018United States
I sat down with the FT's Matt Klein for an Alphachat podcast on the international provisions in the December tax reform.
January 24, 2018United States
Trump’s tax cut has not, to date, unleashed a wave of global demand for U.S. dollar assets. In fact, the dollar weakened as prospects for the tax cut—and associated rise in the U.S. federal budget…
January 16, 2018Thailand
The Treasury's April foreign exchange report should be interesting. Thailand hasn't been included in past foreign exchange reports. Yet it is likely to meet all three of the criteria set out in t…
January 3, 2018China
The ECB has almost certainly had a bigger impact on U.S. rates over the last three years than the PBOC, without buying (or selling) any Treasuries.