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January 7, 2007

Monetary Policy
Dollar and euros — not dollars or euros. And more dollars than euros in 2006

I have every incentive in the world to find evidence that central banks have diversified away from the dollar.   I like being right as much as the next guy.   Back in early 2005, Nouriel and I -- bui…

dollar_euro_reserves_1
Blog Post by Brad W. Setser Follow the Money

August 17, 2007

Financial Markets
Conduits, SIVs, cash-hoarding, commercial paper restructuring and such

Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…

Blog Post by Brad W. Setser Follow the Money

May 2, 2006

Financial Markets
And the money keeps rolling in …

To Russia. In 1998, Russia was very short on cash.  It went to the IMF and got a $15 billion credit line.  When it didn’t hold up its end of the bargain – taking steps to collect a bit of revenue – t…

Blog Post by Brad W. Setser Follow the Money

June 24, 2011

Defense and Security
Friday File: Afghanistan and Argument by Epithet

President Barack Obama speaks to soldiers from the tenth Mountain Division during his visit to Fort Drum in New York on June 23, 2011. Above the Fold. The reactions this week by proponents of the Af…

President Barack Obama speaks to soldiers from the U.S. 10th Mountain Division during his visit to Fort Drum in New York on June 23, 2011.
Blog Post by James M. Lindsay The Water's Edge

March 14, 2006

United States
Why didn’t the current account deficit start to adjust in 2003? Will the adjustment start in 2006? And where are all the world’s reserves?

I think I can now welcome Brad DeLong to the "gloom and doom caucus, trade deficit division."  He joins some pretty good company:  Paul Volcker, Robert Rubin, Larry Summers, Warren Buffet, Martin Fel…

Why didn’t the current account deficit start to adjust in 2003? Will the adjustment start in 2006? And where are all the world’s reserves?
Blog Post by Brad W. Setser Follow the Money