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January 9, 2005

Financial Markets
The price of a European vacation

As readers of this blog no doubt know, the dollar rallied v. the euro last week. Not that most of America noticed. In much of America’s heartland, the dollar’s value does not make the financial new…

May 10, 2006

United States
Self promotion watch (Treasury foreign exchange report edition)

I was interviewed by Adam Davidson of NPR about the Treasury’s forthcoming foreign exchange report (to be released at 4 pm today). You can hear the results here.    Adam Davidson also interviewed the…

September 3, 2008

China
Forget about the CIC. The state banks are the real story for now

Rose Yu and Amy Or’s Wall Street Journal story on China’s reduced appetite for Agency bonds is loaded with interesting detail. And not just about the fall in Chinese state banks’ holdings of Agenc…

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December 8, 2008

Financial Markets
Good bye, petrodollars ...

Estimates of the break-even oil price in Saudi Arabia’s budget vary, ranging from under $40 a barrel to around $50 a barrel. Sometimes that is because of different assumptions about Saudi Arabia’s a…

March 14, 2009

Monetary Policy
China has more to worry about than its Treasury holdings

Premier Wen knows how to get attention; all he has to do is raise a few doubts about China’s ongoing willingness to keep on buying US assets. The FT, the Wall Street Journal and the New York Times …

China has more to worry about than its Treasury holdings