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March 10, 2024

China
China’s Record Manufacturing Surplus

The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.

Manufactured Goods Surpluses

March 1, 2024

United States
Election 2024: President Joe Biden Delivers His Third State of the Union Address

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Joe Biden will likely stress his domestic achievements over his foreign policy challenges when he a…

Biden SOTU

February 22, 2024

Economics
The IMF Needs to Focus on Setting Good Targets for External Debt Sustainability

The IMF has two frameworks for assessing debt sustainability. The market access country framework is more technically advanced, but it isn't delivering reasonable targets for debt restructuring cases…

10-Year Bonds: Key Cases

February 20, 2024

United States
Why U.S. Imports From Mexico Surpassed Those From China

New U.S. Census Bureau data shows the United States importing more goods from Mexico than from China. Will the shift change the global trading landscape?

February 16, 2024

United States
Election 2024: Donald Trump Says He Will Not Protect “Delinquent” NATO Members

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: The forty-fifth president says he will encourage Russia to attack NATO countries who don’t spend en…

Trump Photo

February 9, 2024

United States
Election 2024: President Biden Criticizes Israel’s Military Operations in Gaza

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Israel’s war against Hamas is creating policy and political dilemmas for President Biden.

Biden Gaza

February 8, 2024

United States
The U.S. Vice President and Foreign Policy

Modern vice presidents can trace much of their political influence to the broad reforms that Jimmy Carter and Walter Mondale made to the second-highest elected office in the late 1970s.

Vice-President-Cheney-Rumsfeld-Libby--.jpg

February 8, 2024

Chile
Chile’s Inferno, NATO Ramps Up Security Exercises, Indonesia’s Presidential Election, and More

Chile works to recover from the devastating wildfire in its central Valparaíso region; the North Atlantic Treaty Organization (NATO) continues with its 2024 Steadfast Defender exercise, the largest s…

Podcast Firefighters fighting wildfires in Viña del Mar, Chile on February 3, 2024

February 5, 2024

China
China’s New Currency Playbook

China’s pivot to a new strategy of indirect intervention through its large state banks requires new approaches to policing currency policies by both the U.S. Treasury and IMF.

Settlement by banks in China vs. Yuan-Dollar Exchange Rate

February 1, 2024

Russia
Mobilizing Russia’s Immobilized Reserves

A quick note on the debate over the use of Russia’s frozen reserves.

Euro banknotes at a money exchange office.