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May 25, 2016

Monetary Policy
Dan Drezner Asked Three Questions

He gets three half answers. Drezner’s first question: “Just how much third-party holdings of U.S. debt does Saudi Arabia have?” Wish I knew. The custodial data doesn’t really help us out much. …

Europe Custodial Holdings

March 12, 2006

Economics
Read Dan Gross on Globalization a la carte

As usual, Gross has a lot of smart things to say about limits on cross border investment in a no-longer-quite-so-flat world -- or what he calls globalization a la carte. Limits on cross-border invest…

February 11, 2020

Puerto Rico
What Exactly is in the New Agreement Between Puerto Rico's Board and its Creditors?

How much tax supported debt will Puerto Rico be left with if the Board's most recent proposal is accepted by the courts?

What Exactly is in the New Agreement Between Puerto Rico's Board and its Creditors?

January 31, 2020

China
Lessons From Phase One of the Trade War With China

With the phase one trade deal signed—and with China now promising (somewhat credibly in my view) to raise its imports of agriculture and energy above their pre-trade war levels and (less credibly) pr…

Lessons From Phase One of the Trade War With China

January 17, 2018

China
A Few Words on China’s Holdings of U.S. Bonds

A primer on China reserve watching.

A Few Words on China’s Holdings of U.S. Bonds

December 3, 2019

Election 2020
Meet Michael Bloomberg, Democratic Presidential Candidate

Former New York Mayor Michael Bloomberg seems to be taking the advice of John Maynard Keynes. The legendary economist is said to have remarked, “When the facts change, I change my mind.” Back in Marc…

Michael Bloomberg

November 25, 2019

Europe
Europe Wants Strategic Autonomy, but That Is Much Easier Said Than Done

Achieving strategic autonomy will require Europeans to develop a coherent strategic culture, reach agreement on  priorities, and reassure U.S. leaders that greater autonomy is complementary to NATO. …

French President Emmanuel Macron and German Chancellor Angela Merkel take part in the launching of the Permanent Structured Cooperation (PESCO).

November 22, 2019

Election 2020
Campaign Foreign Policy Roundup: The Fifth Democratic Debate

Each Friday, I look at what the presidential challengers are saying about foreign policy. This week: the Democratic debate, Israeli settlements, China's human rights abuses, and Bolivia. 

Presidential candidates listen to Bernie Sanders speak.

November 20, 2019

Sri Lanka
The Geopolitical Consequences of the Sri Lankan Election

Sri Lankans went to the polls November 16 to elect a president, and former Secretary of Defense Gotabaya Rajapaksa was declared the winner on November 17. Sri Lanka faces significant national securit…

A soldier stands guard at a campaign rally for Gotabaya Rajapaksa, at podium, in Bandaragama earlier this month.

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