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August 20, 2007

Financial Markets
Reverse engineering financial engineering

The process that turned subprime mortgages into triple AAA rated securities is, by now, pretty well known.   Rich Bookstaber (his blog is here) describes the process nicely.Here's the recipe for a CD…

October 7, 2021

Taiwan
The Evolving Military Balance in the Taiwan Strait

Panelists discuss the risk of an armed conflict between the United States and China over Taiwan and how the United States should adapt its defense strategy to meet the China challenge.

Play Military helicopters carrying tremendous Taiwan flags conduct a flyby rehearsal ahead of National Day celebration, near Taipei 101 , amid escalating tensions between Taipei and Beijing, China, in Taipei, Taiwan 7 October 2021.

May 31, 2008

Financial Markets
US: China shouldn’t peg to the dollar but the Gulf should ...

That at least seems to be the Treasury’s policy. Krishna Guha of the FT reports that the US believes that dollar pegs can help countries manage commodity price volatility. Mr McCormick said that oi…

September 4, 2018

India
Background Brief: Meet the U.S.-India “2+2”

The upcoming U.S.-India "2+2" dialogue marks a new configuration for an existing dialogue begun in the Barack Obama administration. Here's how the consultation has evolved.

India's Defence Minister Nirmala Sitharaman (L) speaks as U.S. Defense Secretary Jim Mattis looks on during a joint news conference in New Delhi, India September 26, 2017.

August 29, 2006

Economics
Wages, Walmart and the debate about the Global Economy -

Both the Financial Times (Krishna Guha) and the Wall Street Journal (Greg Ip) ran articles summarizing the papers presented at Jackson Hole.   I liked Guha’s summary more than Ip’s summary, largely b…