President Bush was asked to name three mistakes he had made. He declined, other than to hint that perhaps he had hired a couple of people he should not have (Paul O’Neill, I suspect he meant you). …

There is a growing sense that the G-7 no longer is the right grouping for discussing today’s major international macroeconomic issues. It is hard to see, for example, how you can discuss "global reb…

It is not too hard to figure out what Japan is doing with its reserves. From the beginning of 2003 to September 2004, Japan’s official reserves increased by $360 billion. Over that time frame, Japan…

This New York Times article delves into the management of both China and Japan’s reserves.One interesting tidbit -- the article suggests China’s reserves are now close to $600 billion. The last repo…

Take a look at this Washington Post article by Jonathan Weisman, which the big blogs have justly pounced on. The initial framing of Weisman’s article is just way, way off. Social security in no way…