293 Results for:

March 26, 2013

Politics and Government
Hello (Welcome Back), Shinzo Abe: Prime Minister of Japan

If at first you don’t succeed, try, try again. That old saying could be the motto of Japanese prime minister Shinzo Abe, who today marks the end of his third month in office. You see, he had this job…

Japanese prime minister Shinzo Abe addresses cadets during a graduation ceremony at the National Defense Academy of Japan (Kiyoshi Ota/Courtesy Reuters).

July 14, 2015

Elections and Voting
Campaign 2016: Governor Chris Christie, GOP Presidential Candidate

One hundred and three years have passed since the last time a sitting New Jersey governor was elected president. Current New Jersey Governor Chris Christie hopes to break that streak. He announced tw…

New Jersey Governor Chris Christie formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally at Livingston High School in Livingston, New Jersey

September 18, 2005

United States
Synthetic CDOs, China and Systemic Risk

I suspect the stock of outstanding synthetic credit derivatives -- $ 1500 b in synthetic CDOs in 2004 v. $300 b or so in 2001, according to Mark Whitehouse of the Wall Street Journal -- is the only t…

September 21, 2006

China
Why China’s $1 trillion in reserves are unlikely to be of much use in a banking crisis

It is rather hard to read Andrew Browne’s report of the building boom in Zhengzhou in last week’s Wall Street Journal --- or for that matter many other accounts of China’s current investment boom – a…

January 18, 2008

Monetary Policy
The new (financial) world order

In 2007: China’s government added $430b to its foreign exchange reserves. Russia’s government added $150b to its foreign exchange reserves. China’s state banks likely - this is the only…

January 24, 2008

Financial Markets
Property without power?

Diplomatic sovereign wealth funds argue, more or less, that they have no desire for power - so there should be no restrictions on their ability to accumulate property. Those hoping for a cut of the S…

February 8, 2005

Chairman Greenspan: Do Not Worry, Be Happy

The Chairman gave policy makers a green light not to worry about the US current account deficit: the dollar’s existing fall will lead the deficit to turn around. The Chairman’s remarks also seem to …

April 13, 2007

China
China. On track to add $500b to its reserves in 2007, heading toward $2 trillion fast …

Please allow me a bit of latitude.  China won’t add $500b to its reserves in 2007 for the simple reason that the central bank will sell some of its reserves to the state investment company.  Moreover…

April 5, 2009

Sign of strength or evidence of weakness? China’s dollar reserves

On Friday, Paul Krugman interpreted China’s call for a new reserve currency as a sign of weakness: “But Mr. Zhou’s speech was actually an admission of weakness. In effect, he was saying that China …

Sign of strength or evidence of weakness?  China’s dollar reserves

June 27, 2013

United States
The World Next Week: Books to Read This Summer

The World Next Week podcast is up. This week, Bob McMahon and I took a break from our regular discussion of next week’s news to kick off the summer with some reading recommendations. Bob and I beg…

(Andy Clark/Courtesy Reuters)