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July 16, 2015

Elections and Voting
Campaign 2016: Governor Scott Walker, GOP Presidential Candidate

Twelve Americans have become president without having earned a college degree. (Two of them are on Mount Rushmore.) Wisconsin Governor Scott Walker, who studied at Marquette University but left befor…

Wisconsin Governor Scott Walker formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally in Waukesha, Wisconsin, July 13, 2015.

July 30, 2007

Monetary Policy
The shift toward sovereign wealth funds: the policy debate

Both the Financial Times and the Wall Street Journal have done a great job reporting on the rise of sovereign wealth funds.   Joanna Chung and Tony Tassel’s nuanced analysis of the impact of sovereig…

May 27, 2014

India
Hello, Narendra Modi: Prime Minister of India

India did not produce Horatio Alger, but it certainly has produced a Horatio-Alger story: Narendra Modi. Yesterday the son of a poor tea seller took the oath of office as India’s fourteenth (or fifte…

Modi-India-Prime-Minister

October 4, 2005

Financial Markets
Forget China, let’s talk about oil

Not the oil price per se, but what oil producers are doing with all the coin that comes with high oil prices.  I have rattled on and on about how China's current account surplus is on track to reac…

November 14, 2005

Financial Markets
Who is financing the US - A Quick Update

What do China, Russia, Malaysia, Saudi Arabia and the other Persian gulf oil sheikdoms have in common?Quite a lot, actually: All have significant current account surpluses.  China's surplus is all th…