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October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

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July 22, 2014

Politics and Government
Hello, Joko “Jokowi” Widodo: President of Indonesia

Sometimes sure things turn out not to be so sure. Just ask Joko Widodo, who is better known to his fellow Indonesians as “Jokowi.” At the start of 2014 he was expected to win Indonesia’s presidential…

Jokowi-Indonesia-President

February 15, 2006

Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter

I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightly bi…

May 19, 2013

Military Operations
The AUMF and America’s Forever War

See below for the most important and alarming sections from Thursday’s Senate Armed Services Hearing with senior civilian and military officials on the Pentagon’s interpretation of legal authorities …