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February 22, 2006

Capital Flows
The (strange) politics of globalization

Maybe the US would be better off if China owned Unocal's Asian oil fields Not economically.  Unocal's oil and gas fields are presumably worth a bit more now than they were last summer.  But strategic…

August 18, 2008

Monetary Policy
Ut-oh

Agency spreads have widened. See John Jansen for all the gory details. The New York Fed’s custodial holdings of Agencies haven’t grown at anything like their typical pace over the past few weeks. …

November 11, 2008

Financial Markets
Give me yield, give me leverage, give me return

“Give me yield, give me leverage, give me return” perfectly sums up how Wall Street bought itself close to financial ruin. JP Morgan’s William Winters didn’t just create help to create CDOs. H…

Give me yield, give me leverage, give me return

December 30, 2011

Politics and Government
Friday File: Farewell to Iowa

The U.S. and Iowa state flags fly at a rally for Mitt Romney in West Des Moines on December 30, 2011. (Brian Snyder/courtesy Reuters) Above the Fold. As the Roy Schneider character says at the start…

The U.S. and Iowa state flags fly at a rally with Republican presidential candidate and former Massachusetts Governor Mitt Romney in West Des Moines, Iowa December 30, 2011, ahead of the Iowa Caucus on January 3, 2012. REUTERS/Brian Snyder (UNITED STATES - Tags: POLITICS)

August 19, 2011

International Organizations
A "Global" War on Terror: Multilateral Achievements since 9/11

  A student lifts a placard as he and others line up to take part in a march to condemn the recent bomb attacks in the city (Danish Siddiqui/Courtesy Reuters).   As we approach the ten…

A "Global" War on Terror: Multilateral Achievements since 9/11