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March 15, 2007

Financial Markets
Just how big is the yen carry trade?

Stephen Jen of Morgan Stanley insists not-so-big.  Or at least that the large size of the carry trade cannot be proved – and that the impact of any recent unwinding has been overstated.   That is his…

April 6, 2013

Military Operations
You Might Have Missed: Conflict Prevention, Cyber War, and Conspiracy Theories

Claudette Roulo, "Dempsey Arrives in Afghanistan to Assess Progress," American Forces Press Service, April 6, 2013. “Any conflict in history, when it is resolved, is resolved through some form of re…

South Korea.jpg

July 14, 2015

Elections and Voting
Campaign 2016: Governor Chris Christie, GOP Presidential Candidate

One hundred and three years have passed since the last time a sitting New Jersey governor was elected president. Current New Jersey Governor Chris Christie hopes to break that streak. He announced tw…

New Jersey Governor Chris Christie formally announces his campaign for the 2016 Republican presidential nomination during a kickoff rally at Livingston High School in Livingston, New Jersey

December 23, 2011

Defense and Security
Friday File: Three Good News Stories—Latin America, Burma, and HIV/AIDS Prevention

The headquarters of Brazil's central bank in Brasilia. (Ueslei Marcelino/courtesy Reuters) Above the Fold. The newspapers spread across my desk are a sea of bad news. Iraq looks to be descending onc…

The headquarters of Brazil’s central bank in Brasilia. (Ueslei Marcelino/courtesy Reuters)

March 28, 2007

United States
Global adjustment — the US, Europe, Asia and last but not least the oil exporters

Folks have been worrying about the current account deficit for so long that “Wall Street is downright bored with it.”    Trust me, I know.  But just because the world’s central banks have financed an…