If the US wanted to fund its current account deficit by selling equity, it would need to sell off the equivalent of 40 Unocal’s a year -- whether Chinese state firms, European firms, Japanese insurer…

China's Alan Greenspan (Zhou Xiaochuan) has indicated China won't roil financial markets with "active composition adjustments of the foreign reserves."  fine.   But any central bank adding about $20 …

Apologies for being one day late discussing a Peaple/ Teitelbaum article in Monday's Wall Street Journal called "UK business investment lags."  My title is intentionally a bit overstated, but I was s…

Pretty much all of them.   It is 2004 all over again. From Dow Jones: Foreign-exchange traders said the central banks of South Korea, Malaysia, Taiwan and Singapore bought U.S. dollars Thursday, pu…