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November 15, 2019

Election 2020
Foreign Policy Roundup: The Democratic Foreign Policy Establishment Embraces Joe Biden

Each Friday, I look at what the presidential challengers are saying about foreign policy on the campaign trail.

Former Vice President Joe Biden speaks to a crowd after filing for the New Hampshire presidential primary on November 8.

October 24, 2007

China
6% of Bear Stearns a day

6% of Bear Stearns a day.  That is basically what the US has to sell to China to finance its current account deficit right now.    Not 6% of Bear ($1 billion) every business day.  6% of Bear every si…

November 10, 2019

United States
Happy 244th Birthday to the United States Marine Corps!

The U.S. Marine Corps turns 244 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have …

U.S. Marine Corps

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan’s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question o…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

September 24, 2019

India
The Week in U.S.-India Relations: Waiting for the Trade Deal

There’s been a lot of coverage of the scale and unprecedented nature of Sunday’s “Howdy, Modi!” rally—the 50,000-plus Indian American participants in the enormous NRG Stadium in Houston, the meaning …

Trump and Modi at Howdy Modi

May 10, 2012

Trade
Morning Brief: Brookings Maps U.S. Manufacturing

The Brookings Institution released a comprehensive report on the geography of U.S. manufacturing and found that different areas specialize in different sectors. Almost 95 percent of very high-tech an…

Seattle, Washington has an aviation cluster with facilities such as the final assembly plant for the Boeing 787 Dreamliner, seen here at Boeing Field after its maiden flight in December 2009. (Robert Sorbo/Courtesy Reuters)

November 7, 2016

Wars and Conflict
How Everything Became War: A Conversation With Rosa Brooks

I was lucky enough to speak with Rosa Brooks about her recent book, How Everything Became War and the Military Became Everything: Tales From the Pentagon. Rosa is law professor at Georgetown Universi…

rb

April 10, 2019

India
National Security and the Indian Elections

India begins elections for its lower house on April 11. This will be the world’s largest democratic exercise, and will last through May 19, with ballots counted on May 23. I had the chance to ask Dr…

India's Prime Minister Narendra Modi addresses an election campaign rally in Kolkata, India, April 3, 2019.

March 15, 2019

China
The Fall in China's Current Account Surplus Was Not Replicated Across Asia

China's surplus is down relative to its pre-global crisis level, both in dollar terms and as a percent of China's own GDP.    The same cannot be said of China's neighbors.   East and Southeast Asia a…

The Fall in China's Current Account Surplus Was Not Replicated Across Asia

March 14, 2019

China
Why China's Incomplete Macroeconomic Adjustment Makes China 2025 a Bigger Risk

How the fragile macro-economic base of China’s external adjustment could intersect with China 2025 and generate a new "China" shock.

Why China's Incomplete Macroeconomic Adjustment Makes China 2025 a Bigger Risk