49 Results for:

January 26, 2005

Financial Markets
China reads the Economist. Is the Renminbi undervalued?

While China’s delegation to Davos seems a bit less than enamored with the dollar, the People’s Bank of China seems have read last week’s Economist, and concluded that there is no need to change the …

September 29, 2005

Financial Markets
Has the IMF been asleep at the wheel, and ignored surveillance of exchange rates?

Tim Adams - the new US Treasury Under Secretary - thinks so: IMF Article IV requires that the IMF exercise "firm surveillance" over the exchange rate policies of members. After the collapse of the Br…

April 3, 2006

China
Grassley-Baucus-Adams? And (another) long rant about the Economist …

The Treasury doesn't want to declare China to be guilty of manipulation.   Picking a fight with one of your biggest creditors isn't smart.  Right now, no one is buying more US debt (China buy…

Grassley-Baucus-Adams?  And (another) long rant about the Economist …

April 26, 2011

Politics and Government
Campaign 2012: Hello Ron Paul, GOP Presidential Candidate

Rep. Ron Paul visits a polling station in Manchester, New Hampshire on January 8, 2008. (Jim Young/courtesy Reuters) The third time is the charm. That’s at least what Ron Paul hopes. An unsuccessful…

Republican presidential candidate Texas Rep. Ron Paul visits a polling station in Manchester, New Hampshire January 8, 2008. (Jim Young/courtesy Reuters)

January 11, 2006

China
China’s December trade

The most impressive part of China's most recent trade data:  18% y/y growth in December exports.  That pushed China's monthly exports up to $75.4 billion, and laid the basis for a $11 billion…

December 14, 2006

China
Paulson in Beijing: Can’t get no satisfaction

That is what William Hess argues in Newsweek International.  China cannot give Paulson what he wants without jeopardizing its domestic goals.  Hess writes:"Secretary Paulson will likely return home e…

December 16, 2011

Politics and Government
Friday File: More GOP Iran Tough Talk

Republican presidential candidates participate in a Republican presidential debate in Sioux City, Iowa, on December 15, 2011.(Pool/courtesy Reuters) Above the Fold. Iran was the obligatory foreign p…

Republican presidential candidates (L-R), former Pennsylvania Sen. Rick Santorum, Texas Gov. Rick Perry, former Massachusetts Gov. Mitt Romney, former House Speaker Newt Gingrich, Rep. Ron Paul (R-TX), Rep. Michele Bachmann (R-MN), and former Utah Gov. Jon Huntsman participate in a Republican presidential debate in Sioux City, Iowa, December 15, 2011.

January 31, 2007

United States
Roach on globalization and China

Stephen Roach made three arguments last Friday. I disagree with two of them, but agree with the third.  And the third is by far the most important.   But before getting to the point of agreement, the…

April 26, 2006

Did something change this weekend? Does the G-7 still matter?

I downplayed the most recent gathering of the great and good in Washington, arguing that those gathered in DC didn't really commit to the policy changes needed to avoid an another year of widenin…

January 17, 2014

Defense and Security
You Might Have Missed: NSA Reforms, CIA Drone Strikes, and Benghazi

“Presidential Policy Directive/PPD-28: Signals Intelligence Activities,” White House, January 17, 2014. When the United States collects nonpublicly available signals intelligence in bulk, it shall u…

Obama NSA speech