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March 12, 2007

China
Just what is in China’s portfolio? And do foreign central banks think Agencies are Treasuries?

China's decision to set up a new investment authority with a mandate to invest in a range of assets -- not just traditional reserve assets -- has attracted a lot of attention.  But as the Bank of New…

January 23, 2009

Monetary Policy
Is the US now more, or less, reliant on China’s government for financing?

Rarely do nominees -- or even Treasury Secretaries -- make news in their written response to questions posed by Senators. But Tim Geithner’s comments on China yesterday tcertainly made news. I m…

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.

December 19, 2007

China
The alliance between China’s (nominally) communist government and Wall Street deepens …

The China investment corporation (the CIC) is investing $5b in Morgan Stanley, taking a 9.9% stake.That is a bit of a surprise, at least to me.   After the CIC's (mark to market) losses on Blackstone…

January 5, 2006

China
Chinese Sterilization Watch

Three things to watch closely in 2006:The size of China's reserve increase.   Some say it is falling back from its recent $20 b or so monthly pace.  I am not convinced.   The amount of sterilization …