1,624 Results for:

July 10, 2018

Europe
Former Secretary of State George C. Marshall urging the prompt ratification of the North Atlantic Military Alliance, speaking on the second anniversary of his address at Harvard University in which he outlined the Marshall Plan for the economic recovery of Europe. Trump’s Misguided Attack on European Unity

Trump's antipathy toward the EU overlooks America’s enduring interest in a united Europe that can serve as one pillar of an open, rule-bound international system.

July 10, 2018

China
My Latest Take on China's Foreign Exchange Intervention Proxies My Latest Take on China's Foreign Exchange Intervention Proxies

This one is for my currency trading friends...

July 2, 2018

China
Devaluation Risk Makes China’s Balance of Payments Interesting (Again) Devaluation Risk Makes China’s Balance of Payments Interesting (Again)

A deep dive into the details of China's balance of payments over the last few quarters of data. During the dollar's depreciation in 2017 and the first quarter of 2018, it looks like China was adding …

June 29, 2018

United States
Tax Reform in the Q1-2018 BoP Data Tax Reform in the Q1-2018 BoP Data

The impact of the U.S. tax reform on the U.S. trade balance was a hot item of debate last December. There was an argument that reducing the headline tax rate—and creating an even lower tax for the…

June 25, 2018

China
The Right and the Wrong Ways to Adjust the U.S.-China Trade Balance The Right and the Wrong Ways to Adjust the U.S.-China Trade Balance

The best way of painting a more accurate picture of the economic relationship between China and the U.S.? Add in data on U.S. exports to Hong Kong.

June 25, 2018

United States
Is the Fall in Foreign Treasury Holdings a Trump Dump? Is the Fall in Foreign Treasury Holdings a Trump Dump?

“In the age of Trump,” warned a Bloomberg op-ed last year, “America’s biggest foreign creditors are suddenly having second thoughts about financing the U.S. government.” Today, with Trump piling …

June 21, 2018

China
What Would Happen if China Started Selling Off Its Treasury Portfolio? What Would Happen if China Started Selling Off Its Treasury Portfolio?

Just how important have foreign inflows been to the Treasury market?  

June 14, 2018

Emerging Markets
Emerging Markets Under Pressure Emerging Markets Under Pressure

Emerging markets have come under a bit of pressure recently, with the combination of the dollar’s rise and higher U.S. ten year rates serving as the trigger. The Governor of the Reserve Bank of India…

January 17, 2018

China
A Few Words on China’s Holdings of U.S. Bonds A Few Words on China’s Holdings of U.S. Bonds

A primer on China reserve watching.

June 7, 2018

Germany
Merkel and Scholz Have Put the IMF in a Pickle Merkel and Scholz Have Put the IMF in a Pickle

Germany seems to have ruled out all the mechanisms for eurozone fiscal expansion that the IMF liked…