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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…

setser_gross_private_flows_01

October 13, 2022

United States
Happy 247th Birthday, U.S. Navy!

The U.S. Navy marks 247 years of service.

USS Ronald Reagan as viewed sailing through waters with a fleet of ships.

March 29, 2024

United States
Election 2024: Are Republicans Turning Isolationist?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Many Republicans have lost faith in their party’s traditional embrace of internationalism.

Sunset

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.

Manufactured Goods Surpluses

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.

Biden SOTU 2023

October 13, 2021

United States
Happy 246th Birthday to the US Navy!

The U.S. Navy marks 246 years of service.

Navy

June 9, 2023

Turkey
The President’s Inbox Recap: Erdogan’s Victory

Erdogan’s re-election could mean further democratic backsliding in Turkey.

Erdogan as viewed standing at a podium before parliament.