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November 1, 2019

Ireland
Ireland’s Statistical Cry for Help…

Ireland's tax authorities have made the job of Ireland's statistical authorities almost impossible.   The distortions in the Irish data are now so big that the impact the data for the entire euro are…

Ireland’s Statistical Cry for Help…

October 25, 2019

Cybersecurity
Cyber Week in Review: October 25, 2019

Islamic State appeals to young users with propaganda on TikTok; Google claims "quantum supremacy" with new processing chip; Russian cyber-espionage group masquerades as Iranian hackers; Facebook and …

A handout picture from October 2019 shows a component of Google's Quantum Computer in the Santa Barbara lab, California, U.S. Picture taken in October 2019.

October 15, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan’s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question o…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

September 24, 2019

Donald Trump
Patriot Games: President Trump Again Puts the “Nation” in United Nations

Though Trump’s tone was solemn and even-keeled, the overall thrust of his UN General Assembly speech was of transactional nationalism, emphasizing the importance of pursuing national interests and co…

U.S. President Donald J. Trump addresses the 74th session of the United Nations General Assembly in New York City, NY on September 24, 2019.

October 24, 2019

Japan
A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

Japanese investors have an obvious incentive to search for yield abroad. But why has foreign demand for Japanese bonds almost matched Japanese demand for foreign bonds?

A Puzzle in Japan’s Balance of Payments: What Explains Strong Foreign Demand for JGBs?

August 27, 2019

South Africa
One More Step in Dismantling Apartheid's Legacy

On August 21, South Africa’s Equality Court ruled that gratuitous displays of the Apartheid-era flag counted as hate speech and discrimination. Confronting history head on, Judge Phineas Mojapelo wrote in his ruling that the flag represents “a vivid symbol of white supremacy and black disenfranchisement and suppression,” and flying it, “besides being racist and discriminatory, demonstrates a clear intention to be hurtful.” 

South Africa's apartheid-era flag flutters in front of three black police officers.

August 15, 2019

United States
Election 2020: Elizabeth Warren, Democratic Presidential Candidate

As politicians, Ronald Reagan and Elizabeth Warren are opposites. He wanted to unleash the power of the market; she wants to curtail its abuses. But for all of their policy differences, the two share…

Elizabeth Warren

May 4, 2017

United States
Eleven More Classic Vietnam War Protest Songs

Two years ago, I posted my picks for "The Twenty Best Vietnam Protest Songs." I compiled the list as part of a series of posts commemorating the fiftieth anniversary of the first U.S. combat troops a…

Mick Jagger featured in the 1970 documentary, "Gimme Shelter." (Photo : Reuters)

March 5, 2015

United States
The Twenty Best Vietnam Protest Songs

Sunday marks fifty years since the first U.S. combat troops arrived in South Vietnam. To mark the anniversary of the war that changed America, I am doing a series of posts on the best histories, memo…

Vietnam-War-Songs