2005
514 items published in 2005
January
33 items
Article
Jan 30, 2005
Stephen Jen might want to rejigger his modelBy Brad W. Setser
Article
Jan 28, 2005
The Rhetoric to Results RatioBy Brad W. Setser
Article
Jan 26, 2005
China reads the Economist. Is the Renminbi undervalued?By Brad W. Setser
Article
Jan 26, 2005
The US dollar fails the Chinese testBy Brad W. Setser
Article
Jan 26, 2005
Article
Jan 25, 2005
When will the bond market wake upBy Brad W. Setser
Article
Jan 25, 2005
Article
Jan 24, 2005
Tyrants beware (except those we need to keep on financing us)By Brad W. Setser
Article
Jan 24, 2005
Article
Jan 20, 2005
If Asia is financing Europe, who is financing the US?By Brad W. Setser
Article
Jan 19, 2005
Prepare for the 50 year Treasury bond …By Brad W. Setser
Article
Jan 19, 2005
I guess I am a secret Austrian tooBy Brad W. Setser
Article
Jan 18, 2005
The November TIC data: Matching debtor and creditor side dataBy Brad W. Setser
Article
Jan 15, 2005
Latest speech of FRBNY President Tim GeithnerBy Brad W. Setser
Article
Jan 13, 2005
The Paris Club and IndonesiaBy Brad W. Setser
Article
Jan 12, 2005
So does the President think the US is bankrupt right now?By Brad W. Setser
Article
Jan 12, 2005
Two stunnings numbersBy Brad W. Setser
Article
Jan 11, 2005
$610 billion is a lot of moneyBy Brad W. Setser
Article
Jan 11, 2005
Not where we should want to beBy Brad W. Setser
Article
Jan 11, 2005
Should the IMF ever take a haircut?By Brad W. Setser
Article
Jan 10, 2005
Article
Jan 9, 2005
The price of a European vacationBy Brad W. Setser
Article
Jan 8, 2005
Has the broad dollar fallen enoughBy Brad W. Setser
Article
Jan 8, 2005
So private Chinese citizens now prefer renminbi to dollars …By Brad W. Setser
Article
Jan 8, 2005
The FT should have done betterBy Brad W. Setser
Article
Jan 6, 2005
I hear the Cayman Islands are lovely this time of yearBy Brad W. Setser
Article
Jan 6, 2005
Already Conventional Wisdom?By Brad W. Setser
Article
Jan 5, 2005
Competitve compassion: the coming development debateBy Brad W. Setser
Article
Jan 5, 2005
Unraveling the mysteries of the Treasury yield curveBy Brad W. Setser
Article
Jan 4, 2005
Is the US a generous country?By Brad W. Setser
Article
Jan 3, 2005
Borrowing is Saving, Up is DownBy Brad W. Setser
Article
Jan 2, 2005
Bretton Woods Two LivesBy Brad W. Setser
Article
Jan 2, 2005
Social Security Crisis in 2018? RidiculousBy Brad W. Setser
February
32 items
Article
Feb 26, 2005
Article
Feb 26, 2005
Has Argentina changed the rules of the sovereign debt game?By Brad W. Setser
Article
Feb 25, 2005
Oil, and a bit of geopoliticsBy Brad W. Setser
Article
Feb 24, 2005
An Asian OPEC?By Brad W. Setser
Article
Feb 24, 2005
Article
Feb 23, 2005
Monty Python takes on Asian reserve accumulationBy Brad W. Setser
Article
Feb 22, 2005
Reserve DiversificationBy Brad W. Setser
Article
Feb 22, 2005
Korea, enough saidBy Brad W. Setser
Article
Feb 21, 2005
The confused conservatives on the Washington Post oped page …By Brad W. Setser
Article
Feb 20, 2005
Banker? Strategic competitor? Both?By Brad W. Setser
Article
Feb 18, 2005
Will US (and Chinese) economic policy pass the Korean test?By Brad W. Setser
Article
Feb 18, 2005
More borrowing, on the other hand, is always a political winnerBy Brad W. Setser
Article
Feb 17, 2005
Can Germany learn something from France?By Brad W. Setser
Article
Feb 17, 2005
The Achilles Heel of CowboyeconomicsBy Brad W. Setser
Article
Feb 16, 2005
Did Bretton Woods 2 die and no one notice?By Brad W. Setser
Article
Feb 16, 2005
Systemic riskBy Brad W. Setser
Article
Feb 15, 2005
A sobering set of statisticsBy Brad W. Setser
Article
Feb 15, 2005
Article
Feb 14, 2005
Ex-Iraq Adviser Blackwill: Impact of Iraq’s ’Extraordinary’ Elections Likely to Spread to IranBy Robert D. Blackwill, Bernard Gwertzman
Article
Feb 14, 2005
Article
Feb 10, 2005
December tradeBy Brad W. Setser
Article
Feb 9, 2005
It is now officialBy Brad W. Setser
Article
Feb 9, 2005
Article
Feb 8, 2005
Can the US learn something from France?By Brad W. Setser
Article
Feb 8, 2005
Chairman Greenspan: Do Not Worry, Be HappyBy Brad W. Setser
Article
Feb 6, 2005
I will reenter the fray on monday nightBy Brad W. Setser
Article
Feb 4, 2005
Article
Feb 2, 2005
Limiting the supply of the ten-year Treasury noteBy Brad W. Setser
Article
Feb 1, 2005
Show me, do not tell meBy Brad W. Setser
Article
Feb 1, 2005
If a Kansan is going to run the World BankBy Brad W. Setser
Article
Feb 1, 2005
Scheinman: Iran, North Korea, and the NPT’s LoopholesBy Bernard Gwertzman, Lawrence Scheinman
Article
Feb 1, 2005
One number to watchBy Brad W. Setser
March
28 items
Article
Mar 31, 2005
What happened to Argentine banks in 2001? And why?By Brad W. Setser
Article
Mar 29, 2005
Too big to behave rashlyBy Brad W. Setser
Article
Mar 29, 2005
But would China revalue the renminbi to address other imbalances?By Brad W. Setser
Article
Mar 29, 2005
China has about a quarter of the population of the worldBy Brad W. Setser
Article
Mar 28, 2005
Hot rotting potatoesBy Brad W. Setser
Article
Mar 27, 2005
The financing of the US current account deficitBy Brad W. Setser
Article
Mar 25, 2005
Trans-Pacific Real Estate BubblesBy Brad W. Setser
Article
Mar 23, 2005
Wolfowitz and the World BankBy Brad W. Setser
Article
Mar 23, 2005
Lucky that the dollar is in the midst of a mini-rally …By Brad W. Setser
Article
Mar 22, 2005
The $1.3 billion question: What will happen to the renminbiBy Brad W. Setser
Article
Mar 22, 2005
What did I miss?By Brad W. Setser
Article
Mar 16, 2005
Segal: U.S. Analysts Increasingly Alarmed about China’s Military ModernizationBy Adam Segal, Bernard Gwertzman
Article
Mar 14, 2005
Article
Mar 14, 2005
Article
Mar 9, 2005
Gone FishingBy Brad W. Setser
Article
Mar 9, 2005
Current account adjustmentBy Brad W. Setser
Article
Mar 9, 2005
Brad DeLong covers the Argentine crisis, in one nightBy Brad W. Setser
Article
Mar 9, 2005
Article
Mar 9, 2005
Article
Mar 8, 2005
The sharecropper societyBy Brad W. Setser
Article
Mar 8, 2005
I hope Andy Xie is wrong about thisBy Brad W. Setser
Article
Mar 4, 2005
Guess who financed the February Trade Deficit?By Brad W. Setser
Article
Mar 4, 2005
Undisputed UnaffordabilityBy Brad W. Setser
Article
Mar 4, 2005
A few lessons for Mary Anastasia O GradyBy Brad W. Setser
Article
Mar 3, 2005
US, ArgentinaBy Brad W. Setser
Article
Mar 3, 2005
One way to diversify your reserves: Buy Argentina!By Brad W. Setser
Article
Mar 1, 2005
MONUC: A Case for Peacekeeping ReformBy Princeton N. Lyman
Article
Mar 1, 2005
China has not diversified its reserves …By Brad W. Setser
April
40 items
Article
Apr 30, 2005
So, have central banks lost interest in Treasuries?By Brad W. Setser
Article
Apr 30, 2005
Article
Apr 29, 2005
So, is something about to happen to the RMB/ $By Brad W. Setser
Article
Apr 29, 2005
China Trip ReportBy Brad W. Setser
Article
Apr 28, 2005
Central banks, cheerleaders and paper lossesBy Brad W. Setser
Article
Apr 28, 2005
Article
Apr 27, 2005
The comfortable road to ruin …By Brad W. Setser
Article
Apr 27, 2005
Ending the Post 9/11 Security Neglect of America’s Chemical FacilitiesBy Stephen E. Flynn
Article
Apr 26, 2005
An unbalanced economy gets more unbalancedBy Brad W. Setser
Article
Apr 25, 2005
Some good newsBy Brad W. Setser
Article
Apr 25, 2005
Article
Apr 24, 2005
US policy (once again) fails the Chinese testBy Brad W. Setser
Article
Apr 23, 2005
A glass half empty, in three different waysBy Brad W. Setser
Article
Apr 22, 2005
Article
Apr 20, 2005
Just paper losses?By Brad W. Setser
Article
Apr 19, 2005
Article
Apr 19, 2005
Heginbotham: Sino-Japanese Dispute ’Very Tough’ to ResolveBy Eric Heginbotham, Bernard Gwertzman
Article
Apr 18, 2005
Tactical Issue LinkagesBy Brad W. Setser
Article
Apr 17, 2005
A few things Europe does (relatively) wellBy Brad W. Setser
Article
Apr 15, 2005
Article
Apr 15, 2005
The February TIC dataBy Brad W. Setser
Article
Apr 15, 2005
Large players in large markets, part twoBy Brad W. Setser
Article
Apr 14, 2005
Reserves to protect against everything short of the ApocalypseBy Brad W. Setser
Article
Apr 13, 2005
Economy strong (for now), fiscal deficit not falling (by much)By Brad W. Setser
Article
Apr 12, 2005
My New JobBy Brad W. Setser
Article
Apr 12, 2005
Well on our way toward a $900 billion current account deficit …By Brad W. Setser
Article
Apr 11, 2005
Skating on incredibly thin iceBy Brad W. Setser
Article
Apr 11, 2005
Global reserve accumulationBy Brad W. Setser
Article
Apr 7, 2005
$55 a barrel oilBy Brad W. Setser
Article
Apr 7, 2005
Lyman: Zimbabwe a ‘Terrible Tragedy’ Under Mugabe RuleBy Princeton N. Lyman, Bernard Gwertzman
Article
Apr 6, 2005
Article
Apr 6, 2005
Comments are working nowBy Brad W. Setser
Article
Apr 5, 2005
Article
Apr 5, 2005
Betts: Negroponte Must Assert Leadership as Intelligence Czar Over Pentagon AgenciesBy Richard K. Betts, Bernard Gwertzman
Article
Apr 4, 2005
McKinsey says the trade deficit does not matterBy Brad W. Setser
Article
Apr 4, 2005
Steinfels: The Next Pope Should Open Vatican to More ConsultationBy Peter Steinfels, Bernard Gwertzman
Article
Apr 4, 2005
Ready for a $900 billion current account deficit?By Brad W. Setser
Article
Apr 3, 2005
How quickly should a country be expected to repay the IMF?By Brad W. Setser
Article
Apr 2, 2005
Fool me once, shame on you; fool me twice, shame on youBy Brad W. Setser
Article
Apr 1, 2005
May
40 items
Article
May 31, 2005
Article
May 31, 2005
The governor of China’s central bank might want to take noticeBy Brad W. Setser
Article
May 30, 2005
Article
May 29, 2005
Non, and loudlyBy Brad W. Setser
Article
May 28, 2005
dumb money is now hedge fund money?By Brad W. Setser
Article
May 28, 2005
A prediction: China will eventually protect its agricultural sectorBy Brad W. Setser
Article
May 27, 2005
Housing bubbles, the great plains and the coastBy Brad W. Setser
Article
May 27, 2005
Bretton Woods Two and Trade PoliticsBy Brad W. Setser
Article
May 25, 2005
A new open threadBy Brad W. Setser
Article
May 25, 2005
Article
May 25, 2005
Article
May 24, 2005
Siegman: Abbas Needs Political Boost From BushBy Henry Siegman, Bernard Gwertzman
Article
May 24, 2005
Open thread — I’ll be back on FridayBy Brad W. Setser
Article
May 23, 2005
Five myths (or half truths) about China and the renminbiBy Brad W. Setser
Article
May 23, 2005
Article
May 22, 2005
That strong renminbi (ok, that strong dollar)By Brad W. Setser
Article
May 21, 2005
Bernanke’s global savings glutBy Brad W. Setser
Article
May 19, 2005
Article
May 19, 2005
Rhetoric that runs ahead of realityBy Brad W. Setser
Article
May 18, 2005
Containing China with money borrowed from ChinaBy Brad W. Setser
Article
May 18, 2005
Article
May 17, 2005
Article
May 17, 2005
Article
May 17, 2005
Article
May 17, 2005
So, is the Bush Administration for bashing China or against it?By Brad W. Setser
Article
May 16, 2005
Cows, calves and the interest rateBy Brad W. Setser
Article
May 16, 2005
Strange trade numbers, strange TIC numbersBy Brad W. Setser
Article
May 14, 2005
It seems like both the People’s Bank of China and WBy Brad W. Setser
Article
May 12, 2005
The sustainability of the current account deficit, once againBy Brad W. Setser
Article
May 12, 2005
Article
May 11, 2005
Reserve financing, April updateBy Brad W. Setser
Article
May 11, 2005
Good News. Trade deficit falls to $55 billionBy Brad W. Setser
Article
May 10, 2005
Trade PreviewBy Brad W. Setser
Article
May 8, 2005
Is the balance of financial power shifting?By Brad W. Setser
Article
May 7, 2005
The US economy, in a nutshell?By Brad W. Setser
Article
May 6, 2005
The Neiman Marcus economy powers on …By Brad W. Setser
Article
May 5, 2005
Article
May 4, 2005
Systemic risk and the thirty year bond …By Brad W. Setser
Article
May 3, 2005
Specializing in the production of housesBy Brad W. Setser
Article
May 1, 2005
Will China get hit by the cover jinx?By Brad W. Setser
June
40 items
Article
Jun 30, 2005
CNOOC (once again)By Brad W. Setser
Article
Jun 30, 2005
Article
Jun 30, 2005
Article
Jun 29, 2005
Analysis of President Bush’s Address to the NationBy Richard Haass, Richard Stevenson, James Hoagland, Michael Duffy, Charlie Rose
Article
Jun 29, 2005
Selling off little pieces of yourselfBy Brad W. Setser
Article
Jun 28, 2005
More wisdom from Martin WolfBy Brad W. Setser
Article
Jun 28, 2005
Why can’t we have a better press corp (Asian Times edition)By Brad W. Setser
Article
Jun 27, 2005
Martin Wolf makes sense (the Economist does not)By Brad W. Setser
Article
Jun 27, 2005
$709 billlion in reserve accumulation in 2004By Brad W. Setser
Article
Jun 23, 2005
How does the Fed imagine the US current account deficit will adjust?By Brad W. Setser
Article
Jun 22, 2005
The joys of being a creditor nationBy Brad W. Setser
Article
Jun 21, 2005
Fantasy based opeds in the Wall Street JournalBy Brad W. Setser
Article
Jun 20, 2005
Setser and Roubini respond to Levey and Brown: deficits do matterBy Brad W. Setser
Article
Jun 20, 2005
IMF surveillance of the United StatesBy Brad W. Setser
Article
Jun 19, 2005
Two articles on China. One good. One not so good.By Brad W. Setser
Article
Jun 19, 2005
The first billionaire spammer?By Brad W. Setser
Article
Jun 17, 2005
Oil at $58. A bit on the global savings glut tooBy Brad W. Setser
Article
Jun 17, 2005
6.4% of GDP current account deficit in q1By Brad W. Setser
Article
Jun 16, 2005
Beeman: Rafsanjani Victory Probable, But Not Certain, in Iran’s ’Real Election’By William Beeman, Bernard Gwertzman
Article
Jun 16, 2005
A global savings glut, a global housing market bubble?By Brad W. Setser
Article
Jun 15, 2005
Article
Jun 15, 2005
A different look and feel – at least momentarilyBy Brad W. Setser
Article
Jun 15, 2005
Iraq Expert Marr: ’Long, Slow, Struggle’ Ahead in IraqBy Bernard Gwertzman, Phebe A. Marr
Article
Jun 14, 2005
How to explain China’s success?By Brad W. Setser
Article
Jun 11, 2005
April trade, one day lateBy Brad W. Setser
Article
Jun 10, 2005
Cook: Washington Should Support ’Basic Democratic Principles’By Steven A. Cook, Bernard Gwertzman
Article
Jun 9, 2005
Is the Fed getting worried about a housing centric economy?By Brad W. Setser
Article
Jun 8, 2005
Article
Jun 8, 2005
Greenspan’s conundrum and oilBy Brad W. Setser
Article
Jun 8, 2005
Article
Jun 7, 2005
Creditors, Debtors, Partners, Strategic Rivals, Mallaby, PesekBy Brad W. Setser
Article
Jun 6, 2005
Article
Jun 6, 2005
Article
Jun 5, 2005
Article
Jun 3, 2005
If Roach says 3.5% and Gross says 3%, someone else has to say 2.5%By Brad W. Setser
Article
Jun 1, 2005
An unbalanced US economy continues to get more unbalancedBy Brad W. Setser
Article
Jun 1, 2005
Article
Jun 1, 2005
Rachel Bronson on U.S.-Saudi Relations and ReformsBy Rachel Bronson
Article
Jun 1, 2005
Is the US sufficiently geared up?By Brad W. Setser
Article
Jun 1, 2005
July
41 items
Article
Jul 30, 2005
Article
Jul 30, 2005
And the People’s Republic of China is a democracy tooBy Brad W. Setser
Article
Jul 29, 2005
Words of Wisdom from Ted TrumanBy Brad W. Setser
Article
Jul 29, 2005
More trade with Central America, less with China?By Brad W. Setser
Article
Jul 28, 2005
Argentina has found an easy way to keep its reserves from risingBy Brad W. Setser
Article
Jul 28, 2005
Savings is still something other countries doBy Brad W. Setser
Article
Jul 28, 2005
Article
Jul 27, 2005
Forget Unocal. China really wants IntelBy Brad W. Setser
Article
Jul 27, 2005
Brown: Iraqi Leaders in Too Much of a Rush to Finish Draft ConstitutionBy Bernard Gwertzman, Nathan Brown
Article
Jul 26, 2005
Andy Xie gives no quarterBy Brad W. Setser
Article
Jul 26, 2005
Article
Jul 26, 2005
China’s Rising Role in AfricaBy Princeton N. Lyman
Article
Jul 26, 2005
Mining European dataBy Brad W. Setser
Article
Jul 25, 2005
America’s most successful export industry powers on …By Brad W. Setser
Article
Jul 25, 2005
Article
Jul 22, 2005
Fluctuating between 8.1101 and 8.1102By Brad W. Setser
Article
Jul 21, 2005
Makovsky: Very Hot Political Summer Ahead in IsraelBy Bernard Gwertzman, David Makovsky
Article
Jul 21, 2005
China shifts to a basket pegBy Brad W. Setser
Article
Jul 20, 2005
A new era of economic stability?By Brad W. Setser
Article
Jul 20, 2005
Weisman: Closer Nuclear Ties With India Reflect U.S. Concern Over China’s Military GrowthBy Bernard Gwertzman, Steven R. Weisman
Article
Jul 19, 2005
A manufacturing boom?By Brad W. Setser
Article
Jul 19, 2005
Extreme makeover, Roubini Global editionBy Brad W. Setser
Article
Jul 19, 2005
Calculated Risk might want to start looking at the NetherlandsBy Brad W. Setser
Article
Jul 18, 2005
The May TIC dataBy Brad W. Setser
Article
Jul 18, 2005
Article
Jul 18, 2005
If your reserves are growing by $300 billion a yearBy Brad W. Setser
Article
Jul 14, 2005
Kissinger: Don’t Exclude Military Action Against Iran if Negotiations FailBy Henry A. Kissinger, Bernard Gwertzman
Article
Jul 14, 2005
Heginbotham: New North Korea Talks Look ‘Fairly Promising’By Eric Heginbotham, Bernard Gwertzman
Article
Jul 14, 2005
Another short pause — and a forthcoming blog redesignBy Brad W. Setser
Article
Jul 14, 2005
Is oil always sold to the highest bidder?By Brad W. Setser
Article
Jul 13, 2005
The euro/dollar, valuation losses and central bank reservesBy Brad W. Setser
Article
Jul 13, 2005
Has the US trade deficit peaked?By Brad W. Setser
Article
Jul 12, 2005
Article
Jul 11, 2005
China posts a $9.7 (call it 10) billion trade surplus in JuneBy Brad W. Setser
Article
Jul 10, 2005
Article
Jul 9, 2005
China, meet ColbertBy Brad W. Setser
Article
Jul 8, 2005
Back to bloggingBy Brad W. Setser
Article
Jul 6, 2005
Worrying about debt to ChinaBy Brad W. Setser
Article
Jul 4, 2005
Enjoy the fourth. Take a break.By Brad W. Setser
Article
Jul 3, 2005
Are hedge funds (and others) taking on too much risk?By Brad W. Setser
Article
Jul 1, 2005
August
57 items
Article
Aug 31, 2005
Cook: U.S. and Internal Pressures Producing First Multi-Candidate Presidential Election in EgyptBy Steven A. Cook, Bernard Gwertzman
Article
Aug 30, 2005
Rubin doctrine of international finance v. Greenspan doctrine …By Brad W. Setser
Article
Aug 30, 2005
Article
Aug 30, 2005
Interview with Sidney Jones on Aceh peace agreementBy Sidney R. Jones, Esther Pan
Article
Aug 30, 2005
Article
Aug 29, 2005
Brown: Best Hope for Iraq Is Rejection of Draft Constitution and Reopening of NegotiationsBy Bernard Gwertzman, Nathan Brown
Article
Aug 26, 2005
Dollar crashes, interest rates fall?By Brad W. Setser
Article
Aug 26, 2005
Preparing for shifts in the balance of financial power?By Brad W. Setser
Article
Aug 26, 2005
Article
Aug 25, 2005
Who is the high-tech powerhouse?By Brad W. Setser
Article
Aug 25, 2005
Peter Galbraith and IraqBy Brad W. Setser
Article
Aug 25, 2005
Christopher Langton on Security and Elections in AfghanistanBy Christopher Langton, Esther Pan
Article
Aug 25, 2005
Article
Aug 24, 2005
Are we ignoring the United States’ strengths?By Brad W. Setser
Article
Aug 24, 2005
Tanya Gilly-Khailany on Shiite FederalismBy Lionel Beehner, Tanya Gilly-Khailany
Article
Aug 24, 2005
Is Alan Greenspan encouraging moral hazard in … China?By Brad W. Setser
Article
Aug 23, 2005
How to turn $120 million into $4,180 million in less than ten yearsBy Brad W. Setser
Article
Aug 23, 2005
Siegman: Crucial for Sharon to Offer Palestinians Full Peace Negotiations in Return for Ending ViolenceBy Bernard Gwertzman, Henry Siegman
Article
Aug 22, 2005
Article
Aug 20, 2005
America At War: Israel, the U.S. and the Middle EastBy Scott Lasensky
Article
Aug 19, 2005
Comments on Dooley, Garber and Folkerts-Landau: part 1, ChinaBy Brad W. Setser
Article
Aug 19, 2005
Article
Aug 19, 2005
The Economist asks: Where have all the bond market vigilantes gone?By Brad W. Setser
Article
Aug 18, 2005
Council Fellow Laurie Garrett’s rebuttal to Siegel interviewBy Laurie Garrett
Article
Aug 18, 2005
Argentina, its (kind of) currency board, and its 1999-2001 crisisBy Brad W. Setser
Article
Aug 18, 2005
Islamic Law Expert Lombardi: Even With Constitution, Iraq Faces Major CrisesBy Bernard Gwertzman, Clark B. Lombardi
Article
Aug 17, 2005
Interview with Dr. Marc Siegel on EpidemicsBy Esther Pan, Marc Siegel
Article
Aug 17, 2005
Fuel subsidies (and fuel shortages) in emerging economiesBy Brad W. Setser
Article
Aug 17, 2005
Ross: The United States Should be More Involved in Follow-up to Israeli Withdrawal from GazaBy Bernard Gwertzman, Dennis B. Ross
Article
Aug 17, 2005
It all comes down to oil and housesBy Brad W. Setser
Article
Aug 16, 2005
Interview with John M. Staatz on Niger’s food crisisBy Lionel Beehner, John M. Staatz
Article
Aug 16, 2005
Well, the 2005 fiscal deficit looks good …By Brad W. Setser
Article
Aug 15, 2005
The puzzling global flow of fundsBy Brad W. Setser
Article
Aug 15, 2005
Someone bought a lot of US corporate debt in JuneBy Brad W. Setser
Article
Aug 13, 2005
Paul Krugman summarizes the US economy in a single sentenceBy Brad W. Setser
Article
Aug 12, 2005
The June trade data. Changes in relative prices do matterBy Brad W. Setser
Article
Aug 11, 2005
China’s economy in 2005 is not what it was in 2000By Brad W. Setser
Article
Aug 10, 2005
Will an (onshore) forward market for the RMB change the world?By Brad W. Setser
Article
Aug 10, 2005
Bob is a good name …By Brad W. Setser
Article
Aug 10, 2005
Interview with Major Isaiah Wilson III on Pentagon reformBy Eben Kaplan, Isaiah Wilson
Article
Aug 9, 2005
The biggest surprise of 2005?By Brad W. Setser
Article
Aug 9, 2005
Iran, Nukes, China, Oil, and a few other thingsBy Brad W. Setser
Article
Aug 8, 2005
Article
Aug 8, 2005
China was for buying Unocal before it was against it …By Brad W. Setser
Article
Aug 8, 2005
Pritchard: Latest Talks on North Korea ‘Successful’ Due to Major Changes by United StatesBy Bernard Gwertzman, Charles L. "Jack" Pritchard
Article
Aug 5, 2005
China, the US and the geopolitics of oilBy Brad W. Setser
Article
Aug 5, 2005
40% y/y growth is hard to sustainBy Brad W. Setser
Article
Aug 4, 2005
Nation Building 101By Brad W. Setser
Article
Aug 4, 2005
LYMAN: Impact of Mauritania Coup UnclearBy Esther Pan, Princeton N. Lyman
Article
Aug 3, 2005
Are US companies to Bretton Woods 2 …By Brad W. Setser
Article
Aug 3, 2005
The Wall Street Journal news staff outdid itself todayBy Brad W. Setser
Article
Aug 3, 2005
Bronson: King Abdullah’s Ascension Seen as Important ‘Plus’ by WashingtonBy Bernard Gwertzman, Rachel Bronson
Article
Aug 2, 2005
Article
Aug 2, 2005
Article
Aug 1, 2005
Article
Aug 1, 2005
The real issue, of course, is who comes after Abdullah.By Brad W. Setser
Article
Aug 1, 2005
Summarizing China in one paragraph …By Brad W. Setser
September
62 items
Article
Sep 30, 2005
Sestanovich: Key Question in Russia Is Who Will Succeed Putin in 2008?By Stephen Sestanovich, Bernard Gwertzman
Article
Sep 29, 2005
Article
Sep 29, 2005
Article
Sep 29, 2005
Kupchan: Impasse in German Politics Reflects ‘Political Crisis’ Paralyzing EuropeBy Charles A. Kupchan, Bernard Gwertzman
Article
Sep 28, 2005
Sovereign bankruptcyBy Brad W. Setser
Article
Sep 27, 2005
Savings gluts, investment droughts and the current global economyBy Brad W. Setser
Article
Sep 27, 2005
Interview with Todd Moss on Debt ReliefBy Lionel Beehner, Todd Moss
Article
Sep 27, 2005
Siegman: ‘Difficult to Be Optimistic’ About Current Israeli-Palestinian SituationBy Bernard Gwertzman, Henry Siegman
Article
Sep 23, 2005
Spain, the United States of Europe.By Brad W. Setser
Article
Sep 23, 2005
Did anything really change with the RMB today?By Brad W. Setser
Article
Sep 23, 2005
Homeland security expert Frank Cilluffo discusses disaster reliefBy Eben Kaplan, Frank Cilluffo
Article
Sep 23, 2005
Interview with John Micgiel and Andrew Nagorski on the upcoming Polish electionsBy Lionel Beehner, Andrew Nagorski, John Micgiel
Article
Sep 23, 2005
Iran Expert Sick Advocates U.S.-Iran Dialogue on Nuclear Issues, IraqBy Gary G. Sick, Bernard Gwertzman
Article
Sep 22, 2005
Interview with Peter Khalil and Michael Knights on Iran-Iraq RelationsBy Lionel Beehner, Peter Khalil, Michael Knights
Article
Sep 22, 2005
Where are the world’s reserves going?By Brad W. Setser
Article
Sep 21, 2005
Rita over at Calculated RiskBy Brad W. Setser
Article
Sep 21, 2005
Interview with Nancy Lubin on U.S.-Uzbek relationsBy Lionel Beehner, Nancy Lubin
Article
Sep 21, 2005
North Korea Expert Pritchard: Agreement is a ‘Good’ One, But Dealing with Details Will Be ToughBy Bernard Gwertzman, Charles L. "Jack" Pritchard
Article
Sep 21, 2005
Landis: Damascus Rife With Rumors on Whether UN’s Lebanese Investigation Implicates Syrian LeadershipBy Bernard Gwertzman, Joshua Landis
Article
Sep 21, 2005
Interview with William L. Nash on the U.S. military’s strategy in IraqBy Lionel Beehner, William L. Nash
Article
Sep 20, 2005
Article
Sep 20, 2005
China’s reserves increased by $29b in July.By Brad W. Setser
Article
Sep 20, 2005
What did central banks do with their reserves in 2003 and 2004?By Brad W. Setser
Article
Sep 19, 2005
Cirincione: North Korean Agreement ‘A Major Breakthrough’By Bernard Gwertzman, Joseph Cirincione
Article
Sep 19, 2005
Drozdiak: Indecisive Election Results Portend ’Great Instability’ for GermanyBy Bernard Gwertzman, William Drozdiak
Article
Sep 18, 2005
Synthetic CDOs, China and Systemic RiskBy Brad W. Setser
Article
Sep 16, 2005
Afghan Expert Rubin: Despite Security Problems ‘Large Turnout’ Expected for Parliamentary Elections SundayBy Bernard Gwertzman, Barnett R. Rubin
Article
Sep 16, 2005
Happy (late) blog birthdayBy Brad W. Setser
Article
Sep 16, 2005
The q2 current account deficit and global adjustmentBy Brad W. Setser
Article
Sep 16, 2005
Article
Sep 16, 2005
Gasoline is a fundamental human right …By Brad W. Setser
Article
Sep 15, 2005
Is Asia still accumulating reserves in financial self defense?By Brad W. Setser
Article
Sep 15, 2005
Why is consumer demand so weak in Germany?By Brad W. Setser
Article
Sep 15, 2005
Feinstein: UN Summit Document ‘A Missed Opportunity’By Bernard Gwertzman
Article
Sep 14, 2005
Ukrainian Expert Karatnycky: Despite Political Crisis in Ukraine, Yushchenko and Rival Tymoshenko Likely to Reunite After Next ElectionBy Bernard Gwertzman, Adrian Karatnycky
Article
Sep 13, 2005
Time to change the way we think about the worldBy Brad W. Setser
Article
Sep 13, 2005
Q&A with UN Director Salil ShettyBy Esther Pan, Salil Shetty
Article
Sep 13, 2005
Drozdiak: Upcoming German Election, ‘Most Important’ in Nearly Forty YearsBy Bernard Gwertzman, William Drozdiak
Article
Sep 13, 2005
The $58 billlion July trade deficitBy Brad W. Setser
Article
Sep 12, 2005
Show me the money (really, show me China’s reserves)By Brad W. Setser
Article
Sep 12, 2005
Katrina and the current account deficitBy Brad W. Setser
Article
Sep 12, 2005
Interview with Edward Lincoln on Japan’s parliamentary electionsBy Eben Kaplan, Edward J. Lincoln
Article
Sep 12, 2005
Article
Sep 11, 2005
Is John Snow going to be among Katrina’s (political) casualties?By Brad W. Setser
Article
Sep 9, 2005
Interview with Raymond Offenheiser on Katrina relief effortsBy Lionel Beehner, Raymond C. Offenheiser
Article
Sep 8, 2005
Frank Wisner: Presidential Elections Marked ’an Historic Day’ in EgyptBy Bernard Gwertzman, Frank G. Wisner
Article
Sep 8, 2005
WMD, Terrorism, and ProliferationBy Ray Takeyh
Article
Sep 8, 2005
Interview with Laurence Simon on offers of international aid after KatrinaBy Laurence Simon, Lionel Beehner
Article
Sep 7, 2005
Central banks did not diversify their reserves in 2004By Brad W. Setser
Article
Sep 7, 2005
Katrina and Oil PricesBy Esther Pan, Richard Karp
Article
Sep 7, 2005
Article
Sep 6, 2005
China’s capital controls and the RMBBy Brad W. Setser
Article
Sep 6, 2005
Takeyh: Iranian-U.S. Relations at New Low PointBy Ray Takeyh, Bernard Gwertzman
Article
Sep 6, 2005
Is Iraq an economic success? (What is Patrick Clawson thinking?)By Brad W. Setser
Article
Sep 6, 2005
Interview with Ayman Nour on Egypt’s ElectionsBy Ayman Nour, Sharon Otterman
Article
Sep 5, 2005
Those Louisiana ports, once againBy Brad W. Setser
Article
Sep 4, 2005
Article
Sep 4, 2005
Financial storm gathering?By Brad W. Setser
Article
Sep 1, 2005
Some thoughts on Katrina and the economyBy Brad W. Setser
Article
Sep 1, 2005
Article
Sep 1, 2005
Interview with Aslan Doukaev on Russia’s security situation after BeslanBy Lionel Beehner, Aslan Doukaev
Article
Sep 1, 2005
October
48 items
Article
Oct 31, 2005
In an attempt to be fair and balancedBy Brad W. Setser
Article
Oct 31, 2005
Indyk: Latest Security Council Resolution Threatens Assad’s Hold on PowerBy Martin S. Indyk, Bernard Gwertzman
Article
Oct 28, 2005
Yet more on Bernanke and the savings glutBy Brad W. Setser
Article
Oct 28, 2005
A new Chinese oil strategy? Buy into BP and other oil majorsBy Brad W. Setser
Article
Oct 28, 2005
Who would sit on today’s “committee to save the world”By Brad W. Setser
Article
Oct 27, 2005
Why does Saudi Arabia peg to the dollar?By Brad W. Setser
Article
Oct 27, 2005
Mead: Bush Administration Gets Improving ‘Grades’ in First Year of Second Term’s Foreign PolicyBy Walter Mead, Bernard Gwertzman
Article
Oct 27, 2005
Some thoughts on the Bill Gross blogBy Brad W. Setser
Article
Oct 27, 2005
Article
Oct 26, 2005
What to say when the markets are listening to Stephen Jen?By Brad W. Setser
Article
Oct 26, 2005
Earthquake Aid to PakistanBy Brad W. Setser
Article
Oct 25, 2005
The Joint Economic CommitteeBy Brad W. Setser
Article
Oct 24, 2005
Article
Oct 24, 2005
Bernanke and the global savings glutBy Brad W. Setser
Article
Oct 24, 2005
Young: UN to Pressure Syria—Short of SanctionsBy Bernard Gwertzman, Michael Young
Article
Oct 24, 2005
BernankeBy Brad W. Setser
Article
Oct 23, 2005
China’s crazy numbersBy Brad W. Setser
Article
Oct 23, 2005
Another blogging Brad?By Brad W. Setser
Article
Oct 21, 2005
Interview with John Lott on Brazil’s gun referendumBy Eben Kaplan, John Lott
Article
Oct 21, 2005
Cook: UN Report Is Clear in Blaming Assad Regime for Hariri Assassination, but Probably Only ‘A Palace Coup’ Will Bring Change in DamascusBy Steven A. Cook, Bernard Gwertzman
Article
Oct 21, 2005
Current account deficits do matterBy Brad W. Setser
Article
Oct 19, 2005
Shikaki: Since Israeli Withdrawal from Gaza, Palestinians Now Give Top Priority to Improving Living Standard, Not End to OccupationBy Bernard Gwertzman, Khalil Shikaki
Article
Oct 18, 2005
This week’s WSJ Econoblog is on Bretton Woods IIBy Brad W. Setser
Article
Oct 18, 2005
Why not run a bigger trade deficit? (The August TIC data)By Brad W. Setser
Article
Oct 17, 2005
Article
Oct 17, 2005
Pollack: Iraqi Constitutional Vote Leaves Key Security Questions UnresolvedBy Bernard Gwertzman, Kenneth M. Pollack
Article
Oct 16, 2005
Article
Oct 14, 2005
Are tax breaks for houses at risk?By Brad W. Setser
Article
Oct 13, 2005
Relative prices do matterBy Brad W. Setser
Article
Oct 12, 2005
China’s trade surplus dipped in SeptemberBy Brad W. Setser
Article
Oct 12, 2005
Interview with William Milam on Kashmir’s prospects for peace after Pakistan’s earthquakeBy Esther Pan, William Milam
Article
Oct 12, 2005
Drozdiak: Germany’s ’Grand Coalition’ Amounts to ’National Emergency Government’By Bernard Gwertzman, William Drozdiak
Article
Oct 12, 2005
Lindsay: Successful Constitution Vote in Iraq Crucial to Bush Administration’s Iraq PolicyBy James M. Lindsay, Bernard Gwertzman
Article
Oct 11, 2005
W makes LBJ look like a fiscal conservative.By Brad W. Setser
Article
Oct 10, 2005
Kate-Moss-thin credit spreadsBy Brad W. Setser
Article
Oct 10, 2005
Pakistani earthquakeBy Brad W. Setser
Article
Oct 8, 2005
Bird Flu: How Concerned Should We Be?By Eben Kaplan, Anthony S. Fauci, Laurie Garrett, Rita Colwell, William Karesh
Article
Oct 7, 2005
Speculation on the renminbi to heat up?By Brad W. Setser
Article
Oct 6, 2005
Brown: Iraqi Constitution Likely to Be Approved; ‘Creeping Civil War’ Already StartedBy Bernard Gwertzman, Nathan Brown
Article
Oct 6, 2005
The Port of New Orleans, once againBy Brad W. Setser
Article
Oct 6, 2005
Interview with Colonel Peter Mansoor on Training Iraqi ForcesBy Lionel Beehner, Peter Colonel R. Mansoor
Article
Oct 6, 2005
How many divisions does the IMF have?By Brad W. Setser
Article
Oct 5, 2005
Article
Oct 4, 2005
Forget China, let’s talk about oilBy Brad W. Setser
Article
Oct 4, 2005
Cordesman: No Compromise Possible With Zarqawi, Other Extremist Insurgency LeadersBy Anthony H. Cordesman, Bernard Gwertzman
Article
Oct 4, 2005
Article
Oct 2, 2005
Article
Oct 2, 2005
November
53 items
Article
Nov 30, 2005
Chips and cars …By Brad W. Setser
Article
Nov 30, 2005
Tracking petrodollars (or petroeuros) — once moreBy Brad W. Setser
Article
Nov 30, 2005
’Slow is fast’ When it Comes to Multiethnic States Transitioning to Democracy, Says International Journalist Robert D. KaplanBy Claire Calzonetti, Robert D. Kaplan
Article
Nov 29, 2005
What Should Be The U.S. Exit Strategy From Iraq?By Lionel Beehner
Article
Nov 28, 2005
China still pegs to the dollar …By Brad W. Setser
Article
Nov 28, 2005
No more Lavagna. What’s next for Argentina?By Brad W. Setser
Article
Nov 28, 2005
Makovsky: Sharon ‘Electrifies’ Israel by Bolting Likud and Likely to Make Further Withdrawals from West Bank to Ensure ‘Legacy’By David Makovsky, Bernard Gwertzman
Article
Nov 28, 2005
Little Likely to Result from Montreal Conference, Victor SaysBy David G. Victor, Esther Pan
Article
Nov 26, 2005
Kansas is flat, the world is not …By Brad W. Setser
Article
Nov 24, 2005
Tim Adams of the US Treasury has a sophisticated China policy but …By Brad W. Setser
Article
Nov 22, 2005
Paul Blustein should have his own blogBy Brad W. Setser
Article
Nov 22, 2005
Hill: Kremlin Stage-Managing Chechen Parliamentary ElectionsBy Bernard Gwertzman, Fiona Hill
Article
Nov 22, 2005
‘Significant’ Changes Beginning in Ukraine Politics, says former U.S. Ambassador to Ukraine William Green MillerBy William G. Miller, Lionel Beehner
Article
Nov 22, 2005
Testimony before the Congressional Anti-Terrorist Finance Task ForceBy Rachel Bronson
Article
Nov 22, 2005
Article
Nov 21, 2005
Article
Nov 21, 2005
Rogue Copper Trader?By Brad W. Setser
Article
Nov 21, 2005
Stern: New German ‘Grand Coalition’ Government a Major, Positive AchievementBy Fritz Stern, Bernard Gwertzman
Article
Nov 21, 2005
Quick summary of the weekend papersBy Brad W. Setser
Article
Nov 18, 2005
Stephen Kirchner needs to spend some time looking for petrodollars …By Brad W. Setser
Article
Nov 18, 2005
Kohut: Sharp Drop in U.S. Support for Iraq War, With Isolationism on RiseBy Andrew Kohut, Bernard Gwertzman
Article
Nov 17, 2005
Can the Pentagon balance Chinese power …By Brad W. Setser
Article
Nov 17, 2005
Article
Nov 17, 2005
Article
Nov 17, 2005
Article
Nov 16, 2005
The Twin Deficits … an early look into 2006By Brad W. Setser
Article
Nov 16, 2005
Lots of money sloshing aroundBy Brad W. Setser
Article
Nov 15, 2005
Bronson: Rice’s Middle East Trip Underscores Bush Administration’s Decision to Become More Active in RegionBy Bernard Gwertzman, Rachel Bronson
Article
Nov 15, 2005
RGE Econoblog with Sebastian MallabyBy Brad W. Setser
Article
Nov 14, 2005
Siegman: Election of Peretz to Head Labor Party a Political ‘Earthquake’ in IsraelBy Bernard Gwertzman, Henry Siegman
Article
Nov 14, 2005
Article
Nov 14, 2005
U.S. Post-Conflict Operations: Preparing our Military for the FutureBy William L. Nash
Article
Nov 14, 2005
Who is financing the US – A Quick UpdateBy Brad W. Setser
Article
Nov 11, 2005
Economy: Bush Team Hopes to Improve Standing in Asia During Presidential TripBy Elizabeth C. Economy, Bernard Gwertzman
Article
Nov 10, 2005
China’s October trade surplus was hardly smallBy Brad W. Setser
Article
Nov 10, 2005
Takeyh: Iran’s New President ‘Largely Indifferent’ to What Outside World ThinksBy Ray Takeyh, Bernard Gwertzman
Article
Nov 10, 2005
Arraf: Terrorist Attacks in Amman, Baghdad Underscore ‘Complete Uncertainty’ in RegionBy Bernard Gwertzman, Jane Arraf
Article
Nov 10, 2005
Record $66.1 billion trade deficitBy Brad W. Setser
Article
Nov 10, 2005
Responding to the Threat of Global, Virulent InfluenzaBy Laurie Garrett
Article
Nov 8, 2005
Stephen Roach gets it, the IMF does not …By Brad W. Setser
Article
Nov 8, 2005
More flexible labor markets, less business investment?By Brad W. Setser
Article
Nov 8, 2005
Microcredit Gaining Momentum, Says Council’s Isobel ColemanBy Isobel Coleman, Eben Kaplan
Article
Nov 7, 2005
Olcott: Azerbaijani Elections ‘Disappointing,’ Pressure Mounts on AliyevBy Martha Brill Olcott, Bernard Gwertzman
Article
Nov 7, 2005
Renminbi hits multi-month highs v euro, yenBy Brad W. Setser
Article
Nov 6, 2005
Article
Nov 4, 2005
Sestanovich: Azerbaijan Vote Could Turn Violent If ‘Grossly Manipulated’By Stephen Sestanovich, Bernard Gwertzman
Article
Nov 3, 2005
What ever happened to US relations with Latin America?By Brad W. Setser
Article
Nov 3, 2005
Bush has yet to meet a big IMF bailout he does not like …By Brad W. Setser
Article
Nov 3, 2005
Scheinman: New U.S.-India Agreement Undercuts U.S. Allegiance to Nonproliferation of Nuclear WeaponsBy Lawrence Scheinman, Bernard Gwertzman
Article
Nov 3, 2005
Gerd Hausler is a brave man.By Brad W. Setser
Article
Nov 3, 2005
Yu Yongding tells us what he really thinksBy Brad W. Setser
Article
Nov 3, 2005
Not one of my usual topicsBy Brad W. Setser
Article
Nov 1, 2005
December
40 items
Article
Dec 31, 2005
Some things I got (more or less) rightBy Brad W. Setser
Article
Dec 30, 2005
Things I got wrong in 2005By Brad W. Setser
Article
Dec 29, 2005
Article
Dec 24, 2005
Happy Holidays to allBy Brad W. Setser
Article
Dec 22, 2005
Feldstein disagrees with Greenspan (politely)By Brad W. Setser
Article
Dec 22, 2005
Memo to John Snow: Do housing bubbles count?By Brad W. Setser
Article
Dec 21, 2005
Article
Dec 21, 2005
Flynn: Disturbing Lack of Attention Paid to America’s Security VulnerabilitiesBy Stephen E. Flynn, Michael E. Moran
Article
Dec 21, 2005
Takeyh: New Talks Unlikely to Produce Agreement to Curtail Iran’s Nuclear ProgramBy Ray Takeyh, Bernard Gwertzman
Article
Dec 19, 2005
Article
Dec 19, 2005
Lindsay: Iraq Completely Dominates Bush’s Second TermBy James M. Lindsay, Bernard Gwertzman
Article
Dec 19, 2005
Tim Adams frets …By Brad W. Setser
Article
Dec 18, 2005
First Brazil, now ArgentinaBy Brad W. Setser
Article
Dec 16, 2005
Article
Dec 15, 2005
Asymmetric financial globalizationBy Brad W. Setser
Article
Dec 15, 2005
Cordesman: Iraqi Election Results Uncertain for MonthsBy Bernard Gwertzman, Anthony H. Cordesman
Article
Dec 14, 2005
Better try to find some more dark matter (October trade data)By Brad W. Setser
Article
Dec 14, 2005
Lasensky: Syria Clearly Acting As If It Has ‘Something to Hide’By Bernard Gwertzman, Scott Lasensky
Article
Dec 13, 2005
Tomorrow’s US trade data …By Brad W. Setser
Article
Dec 13, 2005
Brown: Makeup of New Iraqi Government Crucial to Iraqi FutureBy Bernard Gwertzman, Nathan Brown
Article
Dec 11, 2005
Article
Dec 8, 2005
Emerging market bubble watch – and a word or two on dark matterBy Brad W. Setser
Article
Dec 8, 2005
Lindsay: Bush Trying to Convince Public Iraq Going Better Than They ThinkBy James M. Lindsay, Bernard Gwertzman
Article
Dec 7, 2005
Gone (ice) fishing …By Brad W. Setser
Article
Dec 7, 2005
There is a consensus: China needs to consume moreBy Brad W. Setser
Article
Dec 6, 2005
Article
Dec 6, 2005
Hunter: Rice Faces ‘Tough Sale’ to Persuade NATO Allies on Expanding Force in AfghanistanBy Robert E. Hunter, Bernard Gwertzman
Article
Dec 5, 2005
IMF ignores exchange rate surveillance …By Brad W. Setser
Article
Dec 5, 2005
Insurgency Expert Gerges: ‘Turning Point’ Occurring in Muslim World, With Growing Hostility Toward Zarqawi and Al-QaedaBy Fawaz A. Gerges, Bernard Gwertzman
Article
Dec 4, 2005
At last, some real evidence to back my argument on petrodollarsBy Brad W. Setser
Article
Dec 4, 2005
What is the matter with Kansas?By Brad W. Setser
Article
Dec 4, 2005
The yen, for a changeBy Brad W. Setser
Article
Dec 3, 2005
Dollar liquidity … and petrodollars.By Brad W. Setser
Article
Dec 2, 2005
No investment drought in ChinaBy Brad W. Setser
Article
Dec 2, 2005
Article
Dec 1, 2005
Big sweeping structural forcesBy Brad W. Setser
Article
Dec 1, 2005
Feinstein: Bush’s Iraq Speech ‘Watershed Moment’ in Debate on IraqBy Bernard Gwertzman
Article
Dec 1, 2005
Olcott: Nazarbayev Certain to Win Re-Election as Kazakhstan’s Only PresidentBy Martha Brill Olcott, Bernard Gwertzman
Article
Dec 1, 2005
Egypt’s Mohamed Kamal: Islamists Should be Integrated into Egyptian Political DebateBy Sharon Otterman, Mohamed Kamal
Article
Dec 1, 2005
Dunne: ’Very Dramatic’ Achievement for Muslim Brotherhood in Egyptian Parliamentary ElectionsBy Michele Dunne, Bernard Gwertzman