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October 20, 2004

Capital Flows
The IMF staff report on Iraq is a goldmine

I don’t expect many journalists will delve into it, but the IMF staff report on Iraq is a fountain of information. My favorite number: in 2004, the amount Iraq will spend importing (yes, importing) …

November 11, 2004

China

That alone ought to catch your attention. Whether talking about the US (needs Chinese financing), Latin America (needs Chinese demand for its commodities) or Europe (needs China to lets its exchange…

December 11, 2004

United States
The Global Test

My harping on the fact that US economic policy now has to pass a global test is not simply meant to score rhetorical points. I suspect that the same folks who financed the expansion of the US curren…

December 27, 2004

Budget, Debt, and Deficits
Beware of a 12 division budget and a 10 division tax base …

General Sinseki famously -- and it seems accurately -- warned of the risks of a "12 division strategy and a 10 division army." To paraphase the US Defense Secretary: You fight a war with the army y…

February 9, 2005

Economics
It is now official

Karl Rove is the Bush Administration’s economic policy czar, and de facto Treasury Secretary. In addition to responsibility for political affairs and strategic initiatives, Mr Rove has been appointe…