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August 9, 2007

China
The balance of financial terror, circa August 9, 2007

Back in early 2004, former Treasury Secretary Lawrence Summers highlighted the emergence of what he termed the "balance of financial terror."   China – and others – relied on the US for demand that t…

Blog Post by Brad W. Setser Follow the Money

February 10, 2008

Capital Flows
SWFs to IMF: mind your own business, not ours …

It doesn’t seem like the IMF’s code of conduct for sovereign wealth funds is going anywhere. The power brokers in today’s global financial system argue that they are already commercially-motivated…

Blog Post by Brad W. Setser Follow the Money

April 28, 2008

Financial Markets
$120 oil and the rise of the Gulf

The Economist put the Gulf on its cover this week. It isn’t hard to see why. The Gulf was booming with oil at $ 60 a barrel. It is roaring with oil at close to $120 a barrel. Consider the follow…

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Blog Post by Brad W. Setser Follow the Money

June 29, 2008

Financial Markets
It is good to be the king (of oil)

If oil stays at $140, the Gulf -- based on projections that imply GCC spending and investment will rise so that the GCC needs $55 to $60 oil to cover its import bill -- the big GCC funds and central…

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Blog Post by Brad W. Setser Follow the Money

September 23, 2008

Financial Markets
Sharing upside and downside risk ...

Sovereign wealth funds have invested about $35b in US financial institutions. Adding in Qatar’s investment in Barclays and Singapore’s investment (through the GIC) in UBS brings the total up sover…

Blog Post by Brad W. Setser Follow the Money