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September 4, 2014

China
Notable Quotables From THE BATTLE OF BRETTON WOODS

“The various currencies, which were all maintained on a stable basis in relation to gold and to one another, facilitated the easy flow of capital and of trade to an extent the full value of which …

Notable Quotables From THE BATTLE OF BRETTON WOODS

March 13, 2013

Defense and Security
Worldwide Threats Briefing Highlights

Yesterday, the Senate Select Committee on Intelligence (SSCI) held its annual open hearing on “National Security Threats to the United States.” First started in 1994, the hearing is the rare instance…

Clapper and Brennan

January 4, 2008

China
A myth?

If net exports had contributed as strongly to US GDP growth over the past three years as they have contributed to Chinese GDP growth, the US would not have a current account deficit - and the US woul…

china_rant_1.jpg

January 27, 2012

Fossil Fuels
How Not To Argue That We’re Running Out Of Affordable Oil

I made a New Year’s resolution to spend less time on this blog explaining why other people are wrong. But New Year’s resolutions are meant to be broken -- and some things just beg for intervention. …

June 16, 2015

Defense and Security
Top Ten Findings of the CIA Inspector General’s Report on 9/11

Last week, in response to long-standing FOIA requests, the CIA declassified—with significant redactions—five documents related to the terrorist attacks on September 11, 2001. The most notable was a J…

CIA HQ

April 26, 2013

United States
Sea Power in the Pacific, Drones in Lebanon, and America’s “Dirty Wars”

David C. Gompert, “Sea Power and American Interests in the Western Pacific,” Rand Corportation, to be published June 3, 2013,  pp. 160-162. If we are indeed in for a change in the basic premise of s…

navysandiego

April 13, 2006

Financial Markets
Abridged Roubini on oil at $70 — and not-so-abridged Setser on Petrodollars

A condensed version of Dr. Roubini's latest post:"I was wrong about the impact of $40 oil, but I'll be right about the impact of $70 oil."I know Dr. Roubini was wrong about the impact of $40 …

Abridged Roubini on oil at $70 — and not-so-abridged Setser on Petrodollars

January 9, 2009

Financial Markets
The global savings glut and the current crisis

I have always believed that the debtor and the creditor tend to share responsibility for most financial crises. One borrows too much, the other lends too much. Wynne Godley (ideologically, no H…

November 10, 2010

Politics and Government
Politics at the Water’s Edge

“Politics stops at the water’s edge.” It’s a time honored maxim of American politics, often invoked and seldom obeyed. The latter is hardly surprising. Americans disagree, at times bitterly and …

Politics at the Water’s Edge

November 11, 2010

The World Next Week

Robert McMahon, editor of CFR.org, and I sat down today to discuss the upcoming issues for our The World Next Week podcast. We talked about the prospects for the lame duck Congress, the Asia-Pacifi…

Policemen are silhouetted on signboards of APEC forum summit in Yokohama, south of Tokyo