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November 28, 2005

China
China still pegs to the dollar …

And it intervenes in a big way in both the spot and the forward market.  But it doesn't manipulate its currency.  At least not technically.   The US Treasury - in a widely telegraphed move - decided …

July 2, 2015

United States
You Might Have Missed: Recent Academic Journal Findings II

Six months ago, I published the first blog in this series, highlighting earlier academic findings. Jeffrey Stamp, “Aero-Static Warfare: A Brief Survey of Ballooning in Mid-nineteenth-century Siege W…

books July 2015

March 9, 2005

United States
Beware, should Norway ever diversify its petroleum fund: more than you want to know about the market for US debt

The fastest growing US export: Debt, without a doubt.Exports of long-term debt securities have grown from $404.5 billion in 2001 to $890 billion in 2004. That is an impressive 120% increase over fou…

April 18, 2006

China
Not working — China’s attempts to rebalance its economy

China's leaders talk of rebalancing the basis for Chinese growth, shifting from exports and investment to consumption.   That makes a lot of sense to me.  China's economy is every bit as unbalanced a…

April 20, 2012

United States
You Might Have Missed: Drones, Threat Inflation, and Corruption

Greg Miller, “Broader Drone Tactics Sought,” Washington Post, April 19, 2012. The CIA is seeking authority to expand its covert drone campaign in Yemen by launching strikes against terrorism su…

Joseph Kony.