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October 9, 2019

Taiwan
$130+ Billion in Undisclosed Foreign Exchange Intervention by Taiwan's Central Bank

Based on the profits and losses disclosed by Taiwan’s central bank, it appears that its true FX exposures exceed its disclosed foreign exchange reserves by USD 130bn, and perhaps by as much as USD 20…

fig 19

February 15, 2006

Economics
Mandel v. Setser. Round two. More on intangible exports and dark matter

I was rather busy last week, so I was not able to respond immediately to Michael Mandel's response to my response to his Business Week cover story - and now Micheal Mandel is shooting for slightly bi…

May 19, 2013

Military Operations
The AUMF and America’s Forever War

See below for the most important and alarming sections from Thursday’s Senate Armed Services Hearing with senior civilian and military officials on the Pentagon’s interpretation of legal authorities …

February 12, 2016

Highlights of the Global Threat Briefings

Senate Armed Services Committee Hearing, “Worldwide Threats,” witnesses: Director of National Intelligence James Clapper and Defense Intelligence Agency Director Lt. Gen. Vincent Stewart, February 9,…