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December 1, 2021

United States
Ten Anniversaries to Note in 2022

As 2021 comes to a close, here are ten notable historical anniversaries to mark in 2022.

Nixon Mao

February 22, 2006

United States
Shrinking dark matter watch

Or maybe shifting dark matter watch. Via Barry Ritholtz comes news that increasing US investment (according to Mandel) in one key intangible asset - US brands - may be yielding diminishing returns.  …

October 16, 2008

Monetary Policy
The mysterious August dollar rally; it wasn’t supported by any uptick in foreign demand for US assets

This morning’s TIC data release tell us two things: One, the dollar can rally without any obvious supporting inflows. Net TIC flows in August (line 30) were essentially zero (-$0.4b). Foreigners (…

The mysterious August dollar rally; it wasn’t supported by any uptick in foreign demand for US assets

February 13, 2006

Monetary Policy
It is back. Bretton Woods 2 (central bank financing of the US)

Some would say it never really went away.Emerging market economies did not stop accumulating reserves in 2005.  Best I can tell, adjusting for valuation effects and including all the foreign assets o…

March 25, 2007

Monetary Policy
Still going strong (Bretton Woods 2)

I watch the data on global reserve growth rather closely.  But I was still surprised to see (via Global Liquidity Blog) the scale of the growth in the Fed's custodial holdings so far in the first qua…