89 Results for:

September 12, 2005

China
Show me the money (really, show me China’s reserves)

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 ab…

August 11, 2006

United States
Despite what Lex says, the euro/ dollar does matter

Dean Baker’s critique of Monday’s Lex column on the dollar was on the mark.  Lex made rather selective use of the facts to argue that dollar depreciation (and renminbi appreciation) has little impact…

bs_chart1

January 16, 2007

Budget, Debt, and Deficits
The Washington Post really doesn’t like Social Security …

Best I can tell, Social Security is in the best financial shape of any federal program.  It is in far better future shape than Medicare.   And it is in way better shape than the portion of the govern…

October 4, 2006

Budget, Debt, and Deficits
Why is 2045 more important than 2007?

Like Dean Baker, I am growing tired of reading editorials complaining about a failure to take “Social Security’s long-term problem” seriously.True, projections show a deficit of something like 1.5% o…

September 16, 2007

Financial Markets
Strong oil, weak dollar -

The negative correlation between the dollar and the price of oil was much in evidence  last week – The dollar hit a record low against the euro, and is quite weak against most of the major currencies…

October 9, 2007

Financial Markets
Outsourced (the United States’ strong dollar policy)

Alan Ruskin of RBS Greenwich capital makes an important point in the Financial Times.  The US has effectively outsourced its strong dollar policy to the emerging world.    It isn't even clear tha…

July 9, 2008

China
Maybe China is a typical creditor after all

Creditors through the ages haven’t liked to take policy advice from debtors. They generally tend to think that borrowers should listen to the advice offered by those lending them money. And they…

July 31, 2008

China
Back to the future: Is China’s new RMB policy China’s old RMB policy?

The odds that the US slipped into a recession around the turn of the year have increased. Nouriel Roubini is convinced. Jim Hamilton isn’t. The risk that US growth may slow later the in year …

’cny-july-08-2.JPG’

January 30, 2009

Monetary Policy
Secrets of SAFE: A trillion of Treasuries here, a trillion there and pretty soon you are talking about real money ...

China has $1946 billion in reserves. The PBoC had another $185 billion in “other foreign assets” at the end of November. Given the fall in China’s reserve requirement, now likely has maybe $160 …

Secrets of SAFE: A trillion of Treasuries here, a trillion there and pretty soon you are talking about real money ...

March 14, 2009

Monetary Policy
China has more to worry about than its Treasury holdings

Premier Wen knows how to get attention; all he has to do is raise a few doubts about China’s ongoing willingness to keep on buying US assets. The FT, the Wall Street Journal and the New York Times …

China has more to worry about than its Treasury holdings