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September 18, 2017

United States
The United States Air Force Celebrates Its 70th Birthday Today

The United States Air Force (USAF) turns 70 years-old today. On September 18, 1947, Chief Justice Fred Vinson swore in Stuart Symington as the first secretary of the air force, officially founding a …

Air Force Birthday

May 18, 2017

Singapore
Singapore's "Shadow" Intervention

Singapore looks to have resumed intervention in the foreign exchange market

Singapore: Official Asset Growth

April 20, 2017

Monetary Policy
The Combined Surplus of Asia and Europe Stayed Big in 2016

A long time ago I confessed that I like to read the IMF’s World Economic Outlook (WEO) from back to front. OK, I sometimes skip a few chapters. But I take particular interest in the IMF’s data tables…

The Combined Surplus of Asia and Europe Stayed Big in 2016

February 8, 2017

Monetary Policy
Does Korea Operate A De Facto Target Zone?

Fred Bergsten of the Peterson Institute has long argued for target zones around the major exchange rates. In the past twenty years, no G-3 economy has followed Bergsten’s policy advice.* The world’s …

Does Korea Operate A De Facto Target Zone?

August 30, 2016

U.S. Foreign Policy
The Syria Red Line, Three Years Later

It was three years ago, Labor Day weekend in 2013, that President Obama reversed himself and refused to enforce his "red line" against use of chemical weapons by the Syrian regime. What’s the outc…

November 10, 2016

The United States Marine Corps Celebrates Its 241st Birthday Today

The Marine Corps turns 241 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 been …

U.S. Marines from Fox Company, 2nd Battalion 1st Marines, 13th Marine Expeditionary Unit run for cover during a non-live fire MOUT training at US Marine Corps: Marines Air Ground Combat Center in Twentynine Palms

March 1, 2016

Trade
China’s Volatile Growth

This article was co-authored with Fred Hu, Chairman and Founder of Primavera Capital Group, a China-based global investment firm. MILAN – Uncertainty about China’s economic prospects is roiling gl…

China Economy

April 28, 2016

Syria
Carnage in Syria and President Obama’s Legacy

Here’s what’s going on in Syria. Reuters reports that "Air strikes hit a hospital in a rebel-held area of Syria’s Aleppo and killed at least 27 people, including three children and the city’s last…

April 26, 2016

Middle East and North Africa
Obama, the EU, Brexit, and Syria

President Obama has been in Europe this week. In the U.K., he told the Brits not to think of leaving the E.U. In Germany, he said that   So this is a defining moment. And what happens on this c…

February 24, 2016

Middle East and North Africa
Syria Delusions, Round Two

In 2012, the group that is supposed to be the senior national security team--the secretary of state (Hillary Clinton), secretary of defense (Leon Panetta), and CIA director (David Petraeus)--urged Pr…