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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…

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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…

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