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October 14, 2012

United States
TWE Remembers: Maj. Richard Heyser Flies a U-2 Over Cuba

The U-2 is a remarkable plane. It can fly at altitudes above 70,000 feet for hours at a time, and it gave the United States an intelligence advantage from the moment it became operational in 1956. (T…

A CIA chart of "reconnaissance objectives in Cuba," dated October 5, 1962. (Dino A. Brugioni Collection, The National Security Archive, Washington, DC)

February 28, 2006

China
Read Richard McGregor’s FT article on China

I follow the data coming out of China pretty closely, at least for someone whose linguistic limitations crimp any long-term ambitions to be a professional China Watcher.     Not every article on Chin…

October 19, 2006

Monetary Policy
Richard McGregor helps to solve the mystery of China’s slow q3 reserve growth.

The increase in China’s q3 reserves was about $30b below my expectations.  China’s current account surplus is usually about $15b per quarter larger than its trade surplus, and net FDI inflows have be…

May 22, 2007

China
No one covers the debate on China’s macroeconomic policy better than Richard McGregor

McGregor’s long analysis piece in today's Financial Times (free link here) shows why.  It is the best summary of China’s macroeconomic policy challenges – and the contractions associated with China’s…

December 18, 2007

United States
Yes, Virginia, the world’s central banks are financing most of the US current account deficit (my rebuttal to Richard Iley)

Back in the summer of 2004, Nouriel Roubini and I published a paper arguing that large trade deficits implied a deteriorating US net international investment position and a deteriorating “income” bal…

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December 28, 2023

United States
Remembering Ten Americans Who Died in 2023

As 2023 comes to a close, here are ten Americans we lost this year who made a mark in foreign policy. 

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