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September 21, 2006

Financial Markets
Unintentional irony watch (hedge fund edition)

Risk management standards do seem to be slipping.   Davis, Sender and Zuckerman in the Wall Street Journal: “The risk models employed by hedge funds use historic data, but the natural gas markets hav…

November 6, 2006

Financial Markets
Lower vol = more imprudent bets?

That, in effect, is what some at the Bank of England think.  Mark Gilbert channels John Gieve. ``After a short pause in May and June, we have seen the return of aggressive risk-taking in financ…

February 7, 2007

China
US to China: See you in court (maybe)

When I saw that the US was initiating a WTO case challenging China's various tax favors and export rebate, I knew who to turn to for analysis.  Emmanuel -- a regular participant in the comments s…

emmanuel

April 30, 2007

United States
Dani Rodrik, Steve Waldman, China’s impact on US export prices and the risk of “financial” Dutch disease …

Dani Rodrik didn’t take long to stir up the blogosphere (see Steve Waldman, among others).   Rodrik makes an interesting point:   Trade doesn’t cut inflation.   Sure, it lowers prices for impor…

August 17, 2007

Financial Markets
Conduits, SIVs, cash-hoarding, commercial paper restructuring and such

Yves Smith of Naked Capitalism is right – If Gillian Tett of the FT disappeared, we would be in a whole lot of trouble. I wouldn’t be surprised if a lot of central bankers rely on her reporting to…

December 17, 2007

United States
A strong October TIC data release, but the BEA’s data only deepens the mystery of how the US financed its current account deficit in the third quarter

NOTE: THIS POST WAS EXTENSIVELY REVISED ABOUT 5 HOURS AFTER IT WAS INITIALLY POSTED.  I DIDN’T HAVE TIME TO DO A FULL ANALYSIS IN THE MORNING.     The big story of the October TIC data is, obviously…

December 23, 2007

Capital Flows
A Saudi investment authority?

The FT broke a major story -- at least in my world -- late on Friday. The Saudis are about to set up a sovereign wealth fund: Saudi Arabia plans to establish a sovereign wealth fund that is expecte…

February 21, 2008

Politics and Government
What do the US, Saudi Arabia and China have in common?

What does the US have in common with two of its most important creditors? One answer: all have a significant population worried about how to make ends meet right now. China exports a ton of g…

February 26, 2008

Capital Flows
Regulating sovereign wealth funds: does the US have any leverage?

Bob Davis’ Wall Street Journal article - which reports that the US Treasury is pushing Singapore and Abu Dhabi to increase their transparency and to signal that their funds will be managed commercial…

swfs_1.jpg

April 6, 2008

Financial Markets
Just how much money do sovereign wealth funds have?

A ton, according to Morgan Stanley’s Stephen Jen and a host of Wall Street investment banks Not all that much, according to Milken Institute’s Christopher Balding (as reported by Bob Davis in the Wa…

adia