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January 8, 2020

Election 2020
The President's Inbox: The Killing of Qasem Soleimani

Each week between now and the Iowa caucuses, I’m talking with experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are part …

Debris burns outside Baghdad International Airport where a U.S. drone strike killed Iranian commander Qasem Soleimani and seven others on January 3. Iraqi Security Media Cell via Reuters

December 4, 2019

Election 2020
The President's Inbox: Should the United States Pursue the Israeli-Palestinian Two-State Solution?

Each week between now and the Iowa caucuses, I’m talking with two experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are p…

The Palestinian village of Shuafa is bordered by the Israeli West Bank barrier.

December 3, 2019

Election 2020
Meet Michael Bloomberg, Democratic Presidential Candidate

Former New York Mayor Michael Bloomberg seems to be taking the advice of John Maynard Keynes. The legendary economist is said to have remarked, “When the facts change, I change my mind.” Back in Marc…

Michael Bloomberg

January 17, 2018

China
A Few Words on China’s Holdings of U.S. Bonds

A primer on China reserve watching.

A Few Words on China’s Holdings of U.S. Bonds

November 25, 2019

Europe
Europe Wants Strategic Autonomy, but That Is Much Easier Said Than Done

Achieving strategic autonomy will require Europeans to develop a coherent strategic culture, reach agreement on  priorities, and reassure U.S. leaders that greater autonomy is complementary to NATO. …

French President Emmanuel Macron and German Chancellor Angela Merkel take part in the launching of the Permanent Structured Cooperation (PESCO).

November 20, 2019

Sri Lanka
The Geopolitical Consequences of the Sri Lankan Election

Sri Lankans went to the polls November 16 to elect a president, and former Secretary of Defense Gotabaya Rajapaksa was declared the winner on November 17. Sri Lanka faces significant national securit…

A soldier stands guard at a campaign rally for Gotabaya Rajapaksa, at podium, in Bandaragama earlier this month.

November 12, 2019

Election 2020
The President's Inbox: Should the United States Maintain Maximum Pressure on Iran?

Each week between now and the Iowa caucuses, I’m talking with two experts with differing views on how the United States should handle a foreign policy challenge it faces. These special episodes are p…

A line of Iranian flags wave in a square in Tehran.

November 10, 2019

United States
Happy 244th Birthday to the United States Marine Corps!

The U.S. Marine Corps turns 244 years-old today. On November 10, 1775, the Continental Congress adopted a resolution to create a Marine force composed of two battalions. Since then, the Marines have …

U.S. Marine Corps

November 13, 2019

United States
A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

Most grandiose explanations for the United States' persistent surplus in the income balance of the U.S. current account miss the mark. The U.S. debt position tracks the sum of past current account de…

A Big Borrower and a Giant Corporate Tax Dodge? How Best to Describe the U.S. External Balance Sheet

October 4, 2019

Taiwan
Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)

Large-scale purchases of foreign bonds have become the central flow sustaining Taiwan’s massive current account surplus and keeping the Taiwan dollar weak. The size of this flow raises the question o…

Shadow FX Intervention in Taiwan: Solving a 100+ billion dollar enigma (Part 2)