Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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May 25, 2006
United States
You know, there are safe havens that do not have a current account deficit of $1 trillion …
Incidentally, I am not the only one who thinks that the US current account deficit is heading toward a trillion. The OECD now forecasts $965b current account deficit in 2006 (7.2% of GDP), and $107…
June 8, 2006
Monetary Policy
You read it here first (Russia is diversifying its reserves)
I have been wrong about enough things that it is nice to be right (or at least sort of right) about something. Particularly if it is something that I discovered as a result of a lot of sleuthing thr…
July 9, 2008
China
Maybe China is a typical creditor after all
Creditors through the ages haven’t liked to take policy advice from debtors. They generally tend to think that borrowers should listen to the advice offered by those lending them money. And they…
October 12, 2008
Financial Markets
On the precipice
Words no Managing Director of the International Monetary Fund ever wants to utter: “Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pu…
June 3, 2011
Defense and Security
Friday File: The Afghanistan Debate Heats Up
A U.S. Marine watches an evening storm gather above an outpost in Helmand province in Afghanistan. (Finbarr O'Reilly/courtesy Reuters) Above the Fold. Next month President Obama will likely announce…
