A group of very well-known American leaders has written an open letter to the president blaming almost every aspect of the Israeli-Palestinian conflict on Israel and urging heavy American pressure to…

A number of oil exporters have, through their sovereign funds, effectively invested some of the fiscal surplus from high oil prices in troubled US and European banks. The Abu Dhabi Investment Authori…

A sage commenter once suggested that this blog should be titled follow the money – since it has focused, more than anything else, on trying to understand how the US finances its large current account…

My initial reaction to Henny Sender’s front page FT article was probably the opposite of most. I wasn’t all that surprised that sovereign funds are reducing their dollar exposure -- though cutting …

SAFE is China’s State Administration of Foreign Exchange. It enforces China’s capital controls -- and manages the foreign exchange reserves of China’s central bank. Lately though it hasn’t necessa…