Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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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…
March 10, 2024
China
China’s Record Manufacturing Surplus
The U.S. likes talking about the dominance of the dollar. But don’t short-change China’s current dominance of manufacturing trade. Trade imbalances need to be taken seriously again.
March 5, 2024
United States
Ten Facts About the State of the Union Address
President Biden will deliver the annual State of the Union address on Thursday night. Here are ten things you might not know about the tradition of having a president deliver an annual address.
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…
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.
