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February 2, 2005

Iraq
IRAQ: The Kurds’ Agenda

This publication is now archived. What do the Kurds of Iraq want? Kurdish leaders on the Iraqi Governing Council (IGC) are pushing for an autonomous federal state in the new Iraqi nation. Kurds…

July 21, 2005

China shifts to a basket peg

But the change against the dollar is small.  Very small. Too small in my view to have much of an economic impact, in any way.  On trade flows.  Or on capital flows.  I would still bet on a furth…

November 17, 2005

China
Can the Pentagon balance Chinese power …

with money the Treasury borrows from China?  Ok, China, Russia and Saudi Arabia ... The answer so far has been yes.   The Pentagon - or at least influential voices in the Pentagon - want to discoura…

February 23, 2006

United States
Selling off pieces of yourself (or not)

The 2006 US current account deficit looks to be a bit under $1 trillion.  $1 trillion sounds big, but remember, the annualized fourth quarter current account deficit will almost certainly be close to…