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December 10, 2006

Financial Markets
Are the world’s oil exporters shifting away from the dollar?

The FT says so, drawing on work that from the Bank of International Settlements.I like a good petrodollar story -- and a good central bank diversification story -- as much as the next guy.   A lot mo…

bis_monetary_deposits

January 30, 2007

Financial Markets
Hey big spender (or why conservation is perhaps a bit more than just a personal virtue) ….

In the past, I have noted that oil exporters saved rather than spent the windfall from the surge in oil prices.    The IMF calculated that the average oil producer in the Middle East “spent” 30% and …

oil_price_1302007

February 1, 2007

Monetary Policy
The People’s Investment Company - the early reports

Market News International reports that China is set to create a new investment company – called the State Foreign Exchange Investment Company.  It will supposedly by run by someone from the Finance M…

February 6, 2007

Capital Flows
So how, exactly, is Venezuela able to outspend the US in the Western Hemisphere?

There has been a lot hand wringing in the foreign policy community about the increase in Venezuela's influence in Latin America.    Not everyone is keen on following Richard Lapper's advice. Venezuel…

vennievus

February 13, 2007

United States
The 2006 trade data

It seems to me that there are at least three big stories in the US trade data, maybe four or five ...The first is that US exports grew quite strongly in 2006.  And goods exports outperformed services…