64 Results for:

August 9, 2007

China
The balance of financial terror, circa August 9, 2007

Back in early 2004, former Treasury Secretary Lawrence Summers highlighted the emergence of what he termed the "balance of financial terror."   China – and others – relied on the US for demand that t…

July 2, 2010

Economics
Responding to Andrew Chamberlain

Andrew Chamberlain has responded at length in two blog posts to my critique of his study of Kerry-Lieberman for the Institute for Energy Research. He gives some useful examples of how utilities might…

April 5, 2009

Sign of strength or evidence of weakness? China’s dollar reserves

On Friday, Paul Krugman interpreted China’s call for a new reserve currency as a sign of weakness: “But Mr. Zhou’s speech was actually an admission of weakness. In effect, he was saying that China …

Sign of strength or evidence of weakness?  China’s dollar reserves

July 16, 2012

Defense and Security
Targeted Killings and Signature Strikes

In his memoir My American Journey, Colin Powell recollects his tours in Vietnam, first as a U.S. Army captain in 1962 and 1963, and later as a major in 1968 and 1969. Due to the length of the war, Po…

Rose garden

January 20, 2005

United States
If Asia is financing Europe, who is financing the US?

The global flow of funds in 2003 was pretty easy to figure out once the BIS annual report come out. The US ran a current account deficit of $530 billion. Most other countries - though not Australia…